Canadian spot market freight drops 21% in July: TransCore
TORONTO, Ont. — Spot market freight dropped 21% in July, according to the latest figures from TransCore’s Canadian Freight Index, keeping in line with the traditional summer slowdown, the company said. With the annual onset of summer construction, vacations and company shutdown periods, July experienced the third lowest volumes of any month this year; however, it was the fourth most active July on record finishing 5% behind July 2011.
Cross-border postings decreased two points, accounting for 73% of overall load postings. Intra-Canada postings contributed 23% of the total load volumes, increasing 1% from June.
Equipment postings jumped 9% month-over-month and were up significantly year-over- year, increasing 21%. The equipment-to-loads ratio increased in July, reaching the highest levels for 2012.
Top destinations for loads imported into Canada were: Ontario (54%), Western (23%), Quebec (20%), and Atlantic (3%). Western Canada increased 3%, while Quebec decreased 3%. The remaining regions remained unchanged.
Top regions for import equipment into Canada were: Ontario (53%), Western (23%), Quebec (21%), and Atlantic (3%). Western Canada decreased 1% while Quebec increased 1% The remaining regions remained unchanged.
Regions of origins for loads within Canada were: Western (44%), Ontario (26%), Quebec (22%), and Atlantic (8%). The regions remained unchanged from last month.
The top states of origin for loads destined to Canada in order of most loads were Pennsylvania, Ohio, California, Illinois and Texas.
The top US destinations for freight originating in Canada were New York, Texas, Pennsylvania, California and Michigan.
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