Canadian Freight Volumes Decline for the Second Consecutive Month
A popular measure of Canadian freight volume fell behind in November, following its traditional drop this time of year, with volumes declining eight percent compared to October.
According to TransCore, which issued the report, “while year-over-year volumes also dropped 28 percent, this is compared to historic highs set throughout 2014.”
Now for the details:
Cross-border loads leaving Canada decreased 12 percent, and loads coming into Canada declined 39 percent year-over-year. These volumes averaged 69 percent of the total data submitted by Loadlink’s Canadian-based customers.
Intra-Canada load volumes represented 27 percent of the total volumes and fell 22 percent year-over-year.
The equipment capacity fell slightly in November, down three percent in month-over-month capacity, but was up annually by 38 percent. The equipment-to-load ratio increased to 3.84 from 3.67 in October. This represents a 91 percent increase, year-over-year, compared to November 2014 when the ratio was at 2.01.
TransCore’s Canadian Freight Index measures trends from roughly 5,500 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s customers.
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