Canadian Freight Volumes Soar 52 Percent for Q1 Year-Over-Year
For the fourth consecutive month, TransCore Link Logistics Canadian Freight Index continued its trend-setting elevated load volumes with March volumes at the highest ever recorded for any month, surpassing last March’s volumes by 50 percent and last month’s volumes by 16 percent.
The first quarter shattered any combined quarterly volumes since TransCore Link Logistics started recording data.
Load volumes for the first quarter soared 51 percent from fourth quarter 2013 and increased 52 percent compared to the first quarter in 2013.
Equipment postings for the quarter were the lowest first quarter results seen since 2005.
Increases in load volumes were not limited to specific regions; rather, increased load volumes were reflected across the board in inbound, outbound and inter-Canadian freight.
- Cross-border postings accounted for 71 percent of total load volumes.
- Cross-border loads originating in Canada destined to the United States sprang radically by 92 percent year-over-year.
- Cross-border loads originating in the United States destined for provinces within Canada jumped by 42 percent year-over-year.
- The top five states of origin for loads destined to Canada ordered from highest to lowest total loads were Ohio, Illinois, Pennsylvania, Texas and Wisconsin.
- Intra-Canada load volumes represented 24 percent of the total volumes for February and rose notably by 32 percent year-over-year.
TransCore’s Loadlink freight matching database constitutes an extensive Canadian network of carriers, owner operators, freight brokers and intermediaries. Over 13 million full loads, LTL (less than truck load) shipments and trucks are posted to the Loadlink network annually.
More at: www.Transcore.ca
Category: Featured, General Update, Management
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