Canadian Freight Declines

Compared to last month, Canadian freight volumes dropped by 20 percent month-over-month, falling to their lowest levels year-to-date.

Noted TransCore, “Despite this decline from June to July, year-over-year volumes were flat compared to July 2015.”

Intra-Canada load volumes represented 30 percent of the total volumes and improved five percent compared to July 2015. Cross-border loads averaged 65 percent of the total data submitted by Loadlink’s Canadian-based customers. Loads leaving Canada were higher by three percent, and loads coming into Canada were slightly lower by two percent year-over-year.

Equipment capacity decreased for the first time in six months, lower by four percent month-over-month and down two percent year-over-year. The equipment-to-load ratio increased to 3.62 trucks for every load available, up from 3.01 in June. Year-over-year, this ratio decreased three percent from 3.71 in July 2015.

Truckload spot rates in specific areas can be accessed from TransCore’s Rate Index truckload rating tool, and 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.

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