TORONTO, ON--TransCore Link Logistics reported little change in its Canadian Freight Index for August 2013. The month-over-month and year-over-year load volumes for August were down marginally by two percent. Load volumes in August were also at the same levels as April of this year, said a report.
Cross-border postings accounted for 68 percent of total volumes for August.
Loads originating in the United States destined for provinces within Canada decreased by 11 percent year-over-year. Cross-border loads originating in Canada destined to the United States increased by six percent compared to the same period last year.
The top five states of origin for loads destined to Canada were: Ohio, Pennsylvania, Illinois, Indiana and Michigan. The top five states of destination for loads originating in Canada were: New York, California, Pennsylvania, Texas and Florida.
Intra-Canada load volumes decreased by one percent year-over-year and represented 26 percent of the total volumes for August.
Equipment postings calmed in August after hitting a ten-year high last month. Month-over-month equipment postings were down by three percent, and were seven percent above posting levels for the same period last year. August’s equipment-to-load ratio decreased to 2.57 from 2.62 in July.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.