Compared to last year’s first half, TransCore Link Logistics Canadian Freight Index saw volumes swell an impressive 42% year-over-year, shattering any combined semi-annual volumes since TransCore Link Logistics started recording data. June also marks the sixth consecutive month of record-setting volumes.
Month-over-month load volumes were flat from May to June. While second quarter volumes decreased 4% from the first quarter, volumes jumped 38% compared to second quarter results from 2013. The high point, year-to-date, was set in March.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers. Real-time and historical data on total truck and load volumes, as well as ratios in specific areas can be accessed from TransCore’s Posting Index.
- Cross-border postings accounted for 72% of total load volumes.
- Cross-border loads originating in Canada destined to the United States increased 67% year-over-year.
- Cross-border loads originating in the United States destined for provinces within Canada increased 30% year-over-year.
Intra-Canada load volumes represented 23% of the total volumes for May and soared 56% year-over-year.
Equipment postings showed a slight decrease to 1% month-over-month. Compared to 2013, truck levels continue to remain low for 2014. June’s postings dropped 12% year-year-over year. The equipment-to-load ratio decreased to 1.47 from 1.49 the previous month--demonstrating a 61% improvement year-over-year.
Top equipment postings for June were dry vans at 52%, reefers at 23%, and flatbeds at 18%.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.