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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