TransCore Link Logistics reported little change in its Canadian Freight Index for August 2013. The month-over-month and year-over-year load volumes for August were down marginally by 2%. Load volumes in August were also at the same levels as April of this year.
Cross-border postings accounted for 68% of total volumes for August.
Loads originating in the United States destined for provinces within Canadadecreased by 11% year-over-year. Cross-border loads originating in Canada destined to the United States increased by 6% compared to the same period last year.
The top five states of origin for loads destined to Canada were: Ohio, Pennsylvania, Illinois, Indiana, and Michigan. The top five states of destination for loads originating in Canada were: New York, California, Pennsylvania, Texas, and Florida.
Intra-Canada load volumesdecreased by 1% year-over-year and represented 26% of the total volumes for August.
Equipment postingscalmed in August after hitting a ten-year high last month. Month-over-month equipment postings were down by 3%, and were 7% above posting levels for the same period last year. August’s equipment-to-load ratio decreased to 2.57 from 2.62 in July.