Canadian Freight Index Settles Down
TORONTO — TransCore’s Canadian Freight Index settled back down in February after January’s record high.
Month-over-month, volumes decreased 13 percent while year-over-year load volumes were also down.
Cross-border load postings accounted for 68 percent of the data submitted by Loadlink’s Canadian-based customers, with the loads destined for provinces within Canada were down 19 percent year-over-year. However, cross-border loads from Canada to the United States increased three percent year-over year, TransCore reported.
Intra-Canada postings averaged at 27 percent overall, with year-over-year volumes dropping six percent. Capacity, however, increased by six percent.
Here’s the breakdown.
Top States of Origin for Loads Destined to Canada:
1. Ohio
2. Pennsylvania
3. Illinois
4. Indiana
5. Michigan
Cross Border Loads into Canada:
By Region of Destination:
• Ontario 55 percent
• Western 22 percent
• Quebec 21 percent
• Atlantic 2 percent
Cross Border Equipment into Canada:
By Region of Destination:
• Ontario 50 percent
• Western 22 percent
• Quebec 23 percent
• Atlantic 5 percent
Intra-Canada (accounted for 27 percent of the data submitted)
Loads Within Canada:
By Region of Origin:
• Western 49 percent
• Ontario 29 percent
• Quebec 17 percent
• Atlantic 5 percent
By Region of Destination:
• Western 37 percent
• Ontario 33 percent
• Quebec 25 percent
• Atlantic 5 percent
The Top Three Equipment Postings:
• Dry Vans 51 percent
• Reefers 21 percent
• Flatbed 20 percent
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