Canadian Spot Market Capacity Up

Following last month’s swell in truck capacity, TransCore Link Logistics Canadian Spot Market Truck Index saw another spike in July in which trucks posted were up 10 percent month-over-month and jumped 33 percent year-over-year.

The equipment-to-load ratio nearly doubled the ratio year-over-year to 3.71 from 1.89 in July 2014, representing a 96 percent change. Month-over-month, the ratio increased from 2.53, representing a 47 percent change.

The equipment to loads ratio is the highest reported since 2009. While load volumes in July fell to the lowest levels all year, load volumes do traditionally decline over the summer months. July also had two fewer shipping days for separate holidays observed in Canada and in the United States.

Volumes decreased 25 percent month-over-month, and 32 percent year-over-year. Cross-border loads leaving Canada declined 20 percent, and loads coming into Canada dropped 42 percent year-over-year.

These volumes averaged 66 percent of the total data submitted by Loadlink’s Canadian-based customers, and were five percent lower than last month’s. Loads moved within Canada increased six percent in July from the previous month. Intra-Canada load volumes represented 29 percent of the total volumes and were down 21 percent year-over-year.

Category: Featured, General Update