TransCore’s Canadian Freight Index Up Over July

TORONTO — TransCore’s Canadian Freight Index — a reflection of the spot market within Canada and cross border — saw a one percent increase in August over July, the company said today.

However, year-over-year load volumes were down 13 percent, TransCore said.

Cross-border volume accounted for 71 percent of overall loads, while intra-Canada freight made up 25 percent of total load volumes.

Equipment availability increased three percent month-over-month, 13 percent year-over-year.

Available capacity has continued to increase, TransCore said, noting that August marked the highest levels so far this year.

Equipment postings, compared to peak posting levels of August 2007, were down three percent.

“While an increase was seen in both equipment and load postings,” TransCore said, “the equipment to loads ratio for August widened to the largest variance in 2012, depicting a larger increase in available capacity.”

Here’s the Regional Breakdowns:

Top destinations for loads imported into Canada were:

  • Ontario 54 percent

  • Western 25 percent

  • Quebec 20 percent

  • Atlantic 1 percent

Top regions for import equipment into Canada were:

  • Ontario 52 percent

  • Western 24 percent

  • Quebec 21 percent

  • Atlantic 3 percent

Regions of origins of loads within Canada were:

  • Western 43 percent

  • Ontario 27 percent

  • Quebec 22 percent

  • Atlantic 8 percent

Top States of Origin for Loads to Canada:

  1. Ohio

  2. Pennsylvania

  3. Illinois

  4. California

  5. Indiana

(Notably, Texas dropped off from the top 5 to 9th place for the first time in months.)

Top Destinations for Freight Originating in Canada:

  1. New York

  2. Texas

  3. Pennsylvania

  4. California

  5. Florida


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