Canadian Freight Index Edges up in May, Year-Over-Year Down

TransCore Link Logistics Canadian Freight Index demonstrated a sleight gain in volumes in May. Month-over-month load volumes edged up four percent from April. Despite this gain, year-over-year volumes were down for the fifth consecutive month, decreasing 22 percent over May 2014.

Cross-border loads leaving Canada fell 23 percent, and inbound loads coming into Canada fell 21 percent year-over-year. These volumes averaged 70 percent of the total data submitted by Loadlink’s Canadian-based customers. Intra-Canada load volumes represented 25 percent of the total volumes and were down 25 percent year-over-year.

A notable shift in the distribution of loads was observed entering western Canada and into Ontario. Month-over-month, western Canada saw a decrease in loads destined for the region by 15 percent; in contrast, Ontario saw an increase in loads destined for the province by 24 percent compared to April 2015.

Equipment capacity was relatively flat month-over-month, declining one percent from April 2015.

In contrast, truck postings increased 25 percent year-over-year. The equipment-to-load ratio shifted down to 2.39 from 2.50 in April and from 1.49 compared to May 2014, a 61 percent improvement year-over-year.

Category: Featured, General Update