Canadian Freight Volumes at Highest Levels Year-to-Date

TransCore Link Logistics volumes for Canadian and cross-border loads spiked in May to the highest load levels year-to-date.

Compared to last month, volumes spiked 22 percent. In addition, May’s volumes delivered the highest month-over-month increase in over two years. Year-over-year volumes were essentially flat, lower by only two percent compared to May 2015.

Year-over-year showed an improved market for distribution of loads within Canada and cross border for the month of May. In the past four months, year-over-year volumes within Canada and cross border picked up modestly with load levels leveling in May.

Intra-Canada load volumes represented 25 percent of the total volumes and dipped marginally by one percent compared to volumes in May 2015.

Cross-border loads averaged 71 percent of the total data submitted by Loadlink’s Canadian-based customers. Loads leaving Canada were lower by four percent, and loads coming into Canada showed no change year-over-year.

Posted equipment was flat month-over-month; however, these postings represent a 14 percent increase year-over-year. For the first time in 10 months, the equipment-to-load ratio decreased to under three trucks for every load available, dropping to 2.84 from 3.47 in April. Year-over-year, this ratio increased from 2.53 in April 2015, representing a 19 percent change.

Category: General Update