Canadian Freight Index a Mixed Bag in September
TORONTO — There was a nine percent year-over-year increase in Transcore’s Canadian Freight Index for September while month-over-month load volumes dropped by five percent.
TransCore reported that while there was a third quarter drop of five percent from Q2, volumes increased by one percent when compared to the 1Q13 and rose two percent compared to 3Q12.
Continuing the “down a month, up from last year” trend were equipment postings: down by five percent month-over-month, but were up 15 percent year-over-year.
Top equipment volumes in September were:
Dry vans at 52%
Reefers at 23%
Flatbeds at 19%
The equipment-to-load ration decreased in September to 2.56 from 2.57 in August.
Intra-Canada volume saw its highest levels year-to-date and contributed 28 percent of the total volumes for September. Month-over-month, they increased two percent. Cross-border loads destined for provinces within Canada accounted for 67 percent of overall volume.
Top regions for loads into Canada by region of destination were:
Ontario 55%
Western 26%
Quebec 17%
Atlantic 2%
Top regions for loads within Canada by region of origin were:
Western 44%
Ontario 32%
Quebec 17%
Atlantic 7%
Top regions for loads within Canada by region of destination were:
Western 34%
Ontario 37%
Quebec 26%
Atlantic 3%
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