TORONTO, Ont. — July was a month of ups and downs when it came to freight load volumes.
According to TransCore Link Logistics’ Canadian Freight Index, spot load volumes were 12% lower in July than they were in June—a drop which TransCore describes as a “traditional summer decline.”
TransCore Canadian Spot Market Index 2007-2014
When compared with data from July 2013, however, load volumes actually increased, as TransCore pegs this year’s figure at 25% higher than last year’s. In fact, last month’s volumes were the highest the Index ever recorded in the month of July.
Looking deeper into the numbers, cross-border load volumes accounted for 69% of July’s total volume. Loads entering Canada increased 18% and loads leaving the country for the US were 37% higher than comparable figures from July 2013. The breakdown for cross-border load destinations is as follows:
Intra-Canada load volumes accounted for 25% of the month’s total load volumes, and were 30% higher than July 2013’s. Most loads (42%) originated in Western Canada, followed by 33% originating in Ontario, 17% in Quebec and 8% in Atlantic Canada. The majority (40%) of intra-Canada loads had Western Canada destinations, followed by Ontario (32%), Quebec (25%) and Atlantic Canada 3%).
TransCore Canadian Spot Market Truck Index 2007-2014
Truck and equipment levels also demonstrated both ups and down. Equipment postings were 13% higher in July than they were in June, however they were 10% lower when compared year-over-year. The equipment-to-load ratio increased to 1.89 from June’s 1.47, but decreased from 2.62 in July 2013. This demonstrates a 39 percent improvement year-over-year.
Equipment coming into Canada was headed to:
Dry vans made up 52% of the total equipment postings. Reefers were the next more common with 23% of the postings, followed by flatbeds with 18%. The remaining 7% were other types of equipment.