Canadian Freight Index Flat, Truck Capacity Soars in June

TransCore Link Logistics Canadian Freight Index was relatively flat for June while truck capacity broadened past any previous year’s levels.

Equipment capacity was up in June with noticeable increases observed for available trucks going in and out of Canada as well as within Canada. Trucks posted in June were up eight percent month-over-month and jumped 36 percent year-over-year.

The equipment-to-load ratio was at the highest year-to-date, increasing to 2.53 from 2.39 in May. Year-over-year, the ratio increased from 1.47 in June 2014, representing a 72 percent change. Second quarter 2015 load volumes saw decreases compared to previous quarters, declining six percent from the first quarter of 2015, and 20 percent compared to the same period last year.

Year-over-year volumes faltered 21 percent over June 2014, yet volumes inched up two percent month-over-month. June represents the sixth consecutive month with year-over-year declining volumes. The high point for load volumes year-to-date was set in March.

Cross-border loads leaving Canada declined 15 percent, and loads coming into Canada fell 23 percent year-over-year. These volumes averaged 71 percent of the total data submitted by Loadlink’s Canadian-based customers. Intra-Canada load volumes represented 23 percent of the total volumes and were down 18 percent year-over-year, and three percent compared to last month.

Category: Featured, General Update