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Canadian Freight Index rebounds in September

TransCore Link Logistics Canadian Freight Index picked up in September after two consecutive months of declining freight volumes. September saw increases across the board with month-over-month load volumes increasing 5%, and year-over-year volumes jumping 28%.

September volumes were the highest ever recorded for any September in any year, surpassing the previous records set in 2005 and 2011 by 6%. Also, volumes for the third quarter beat any previous third quarter results since TransCore Link Logistics started recording data. Third quarter volumes in 2014 topped those set in 2013 by 23%.

Cross-border load volumes for August averaged 68% of the total. Loads into Canada improved 15% year-over-year. Loads leaving Canada to the United States soared 57% year-over-year. Intra-Canada load volumes represented 26% of the total volumes for September and rose 22% year-over-year.

Equipment postings saw a slight increase for the month of September. There was a modest increase of 4% from last month’s levels, and a 4% decrease year-over-year. The equipment-to-load ratio decreased to 1.92 from 1.95 in August. When compared to September’s posting levels of 2.56 in 2013, the equipment-to-load ratio improved 33% year-over-year.

TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.

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