Canadian Freight Index Rises in January After Four Months of Declines
TransCore Link Logistics' freight index for Canadian and cross-border loads rose 12% in January from the prior month after declining for four consecutive months, the load board operator said.
A statement from the Toronto-based company, which operates the load board Loadlink, said in spite of the month-to-month rise, compared with the same period last year, load volumes were down 28%.
Cross-border loads leaving Canada were lower by 18%, and loads coming into Canada decreased 33% year-over-year. These volumes averaged 72% of the total data submitted by Loadlink’s Canadian-based customers, it said.
Intra-Canada load volumes represented 23% of the total volumes and were lower by 25% year-over-year, the company said.
TransCore said posted equipment was below those posted in December 2015, tightening the capacity by 5% month-over-month; however, these postings were above January 2015 by 28% year-over-year.
The equipment-to-load ratio narrowed to 3.18 from 3.73 in December 2015. Year-over-year, the ratio increased from 1.79 in January 2015, representing a 78% change.
TransCore’s Canadian Freight Index measures the movement of freight and equipment from about 5,500 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s customers.
