Canadian Truck Traffic, Freight Rates Increase
(Journal of Commerce Online – William B. Cassidy)
Indexes show shipping costs, spot freight volume edging up in Canada
The Canadian spot market for truckload freight hits its second highest point in 11 years in February, according to TransCore’s Canadian Freight Index. At the same time, transportation costs are climbing for Canadian shippers, according to the Canadian General Freight Index sponsored by Nulogx.
The TransCore spot market-based index climbed 1% last month from January, with equipment listings on Loadlink climbing 16% year-over-year. TransCore’s index is based on its Loadlink freight-matching database, which the company says matches more than 13 million Canadian shipments and trucks a year. Read more here.
Date: March 30, 2012