TransCore’s freight index continues to rise above 2009
TORONTO — Despite a drop in freight volume from June to July, TransCore’s Canadian Freight Index showed a 53 percent increase year-over-year from July 2009 to July 2010.
After registering continuous increases from January to June this year, with June being the highest recorded freight volume since June 2008, July freight volume dipped slightly by 19 percent compared to the previous month.
However, TransCore notes, this fluctuation in the summer months is consistent with the five-year historical trend representing seasonality, vacation and construction activity.
Combined cross-border loads were up 69 percent year-over-year while equipment availability continued to decrease by 18 percent from July 2009.
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