TransCore Link Logistics’ Canadian Freight Index volume rebounded by 10% in May from the previous month following weak results in April. May load volumes were 16% below results a year ago.
May’s load volumes for cross-border postings averaged 71% of total volumes. Cross-border loads destined for provinces within Canada were down 16% year-over-year compared to May 2012.
Interestingly, cross-border loads originating in Canada destined to the United States revealed no change compared to the same period last year. Intra-Canada load volumes that represented 24% of the total volumes for May were down 10% year-over-year.
The equipment postings for May were virtually unchanged from April. Month-over-month levels increased slightly by 2%, and postings came in at 3% above last year’s level for the same period. The equipment-to-load ratio increased for May to 2.18 from 2.35 in the previous month.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.