TransCore Link Logistics reported weaker Canadian Freight Index volumes for April 2013. The month-over-month load volumes had a seven percent decrease and the year-over-year volumes fell behind April 2012 levels by 14 percent.
The equipment postings for April increased by six percent compared to figures from the previous month, and the year-over-year equipment postings saw a significant increase of 11 percent. As a result of these index changes, the equipment-to-load ratio declined considerably for April to 2.35 from 2.08 of the previous month.
Overall load volumes for cross-border postings and intra-Canada postings averaged at 70 and 25 percent respectively. Cross-border loads destined for provinces within Canada were down 21 percent year-over-year compared to April 2012. In contrast, cross-border year-over year loads from Canada to the United States were up substantially by 16 percent.
Intra-Canada year-over-year load volumes for April were down two percent while equipment increased substantially by 24 percent. Read more here.
Date: May 27, 2013