TransCore Link Logistics volumes for Canadian and cross-border loads bolted in May to the highest load levels year-to-date. Compared to last month, volumes spiked 22%.
In addition, May’s volumes delivered the highest month-over-month increase in over two years. Year-over-year volumes were essentially flat, lower by only 2% compared to May 2015.
Intra-Canada load volumes represented 25% of the total volumes and dipped marginally by one percent compared to volumes in May 2015. Cross-border loads averaged 71% of the total data submitted by Loadlink’s Canadian-based customers. Loads leaving Canada were lower by 4%, and loads coming into Canada showed no change year-over-year.
Posted equipment was flat month-over-month; however, these postings represent a 14% increase year-over-year. For the first time in 10 months, the equipment-to-load ratio decreased to under three trucks for every load available, dropping to 2.84 from 3.47 in April. Year-over-year, this ratio increased from 2.53 in April 2015, representing a 19% change.
TransCore’s Canadian Freight Index accurately measures the movement of freight and equipment from roughly 5,500 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border, and interstate data submitted by Loadlink’s customers.