Canadian Freight Volumes Higher in the Second Quarter

Volumes for Canadian and cross-border loads continued strong in the second quarter of 2016.

Compared to last month, volumes were essentially flat, down marginally by two percent month-over-month. Year-over-year volumes were lower by six percent compared to June 2015. The highest load volumes for the first half of the year were observed in May; these were the same volumes in May 2015.

According to TransCore, “The second quarter of 2016 showed improved load volumes, advancing 11 percent compared to the previous quarter. Year-over-year for the quarter, volumes were lower by eight percent for the second quarter of 2015. Year-to-date, load volumes trended higher from the start of the year, and overall load volumes were similar to 2013.”

Intra-Canada load volumes represented 26 percent of the total volumes and improved six percent compared to June 2015. Also, load volumes within Canada were 13 percent higher from the first quarter to the second quarter of 2016.

Cross-border loads averaged 70 percent of the total data submitted by Loadlink’s Canadian-based customers. Loads leaving Canada were lower by three percent, and loads coming into Canada decreased 10 percent year-over-year. Quarter-over-quarter, loads coming into Canada jumped 28 percent.

Equipment capacity loosened in the month of June. Posted equipment increased four percent month-over-month and were up 11 percent year-over-year. The equipment-to-load ratio increased to 3.01 trucks for every load available, up from 2.84 in May. Year-over-year, this ratio increased from 2.53 in June 2015, representing a 19 percent change.

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