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March 18, 2019
Canadian freight load volumes up 4% in February
TransCore Link Logistics announced that its February month-over-month load volumes in Canada finished four percent higher than January, although these numbers were down 35 percent year-over-year.
The effects of economic trade uncertainties revolving around NAFTA and the unfortunate natural disasters that befell core trade routes may have adversely impacted load activity.
Intra-Canada loads accounted for 32 percent of the total volumes. Load postings within Canada increased 23 percent compared to January and were down just four percent year-over-year.
There was a slight decline in cross-border load postings in February, mainly due to fewer loads entering Ontario and Quebec from the United States.
Loads leaving Canada to the U.S. increased 21 percent, but loads entering Canada from the U.S. slipped 12 percent. Loads from the U.S. entering Ontario decreased 16 percent, while loads entering Quebec decreased 22 percent.
Source: TransCore's Canadian Freight Index
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