TransCore’s Canadian Freight Index for July Remains Constant
TransCore Link Logistics’ Canadian Freight Index saw no change in July from June and compared to the same period last year, side-stepping the traditional summer slowdown typical for July. Load volumes in July were also at the mid-point of the last seven months.
July also had two additional shipping days compared to June.
July load volumes for cross-border postings averaged 70 percent of total volumes. Cross-border loads destined for provinces within Canada were down nine percent compared to July 2012. Conversely, cross-border loads originating in Canada destined to the United States saw an increase of 17 percent compared to the same period last year. Intra-Canada load volumes increased three percent year-over-year and represented 24 percent of the total volumes for July.
Equipment postings for July were at the highest level in the last 10 years. Month-over-month levels spiked by 10 percent and were 14 percent above posting levels for the same period last year. July’s equipment-to-load ratio increased to 2.62 from 2.37 in the previous month.
Category: General Update
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
