TransCore said Friday, Oct. 29, that its Canadian Freight Index showed a 30 percent increase in year-over-year analysis, while month-over-month growth slowed with a 6 point dip from August. Similar to North American data, spot freight volume in Canada for September 2010 is the highest recorded volume when compared to the same time in the last five years.
Spot freight has surpassed the 200-point threshold for the previous seven months, and the last two months have set new high-water marks when compared to the same month’s five-year history.
Load volume from the third quarter increased 44 percent over the third quarter of 2009; however, consistent with other industry results, spot freight availability softened 15 percent from its peak in the second quarter. Total equipment availability for September 2010 dropped 12 percent from September 2009, while capacity realized a small gain of 3 percent over the second quarter of 2010, resulting in overall improvements in load-to-truck ratio.