TransCore announced Monday, March 21, that its Canadian Freight Index set another record for spot market freight volume with a month-over-month increase of 11 percent, despite the fact February is a short month.
Load postings were up 36 percent year over year. February 2011 freight volume was more than double that of February 2009, during the economic downturn. February 2011 volumes also reached the highest levels for the month of February since TransCore began recording the Canadian freight data in 2001.
This mirrors the findings on TransCore’s North American Freight Index that recorded the highest spot market truckload freight volume for the month of February since the company established the North American Freight Index in 1986.
TransCore says, however, that with loads reaching an all-time high, equipment continues to decline; capacity dropped to the lowest level since 2005.