March Canadian Freight Index sets record

TransCore’s Canadian Freight Index set a new all-time record in March 2011, topping the previous record from May 2008. Volumes for March 2011 were up 35% from the previous year and 36% from the prior month.

For the first quarter 2011, volume was up 34% compared with the first quarter of 2010 and saw an extraordinary 250% increase from March 2009.

While load volume reached an all-time high, equipment postings remained at the same low levels recorded for the prior few months. From a historical perspective, available posted equipment was down 24% from the lofty capacity levels of March 2009.