Canadian Freight Volumes Drop in October

TransCore Link Logistics Canadian Freight Index dipped in October, declining six percent from September. Year-over-year volumes also fell 30 percent compared to 2014’s record breaking high for October.

Cross-border loads leaving Canada decreased 21 percent, and loads coming into Canada declined 41 percent year-over-year. These volumes averaged 67 percent of the total data submitted by Loadlink’s Canadian-based customers.

Intra-Canada load volumes represented 28 percent of the total volumes and fell 26 percent year-over-year. Of the total volumes of loads posted within Canada, the distribution was as follows:

• Loads into Western Canada increased to 38 percent, up from 32 percent in September
• Loads into Ontario decreased to 34 percent, down from 39 percent in September
• Loads into Quebec decreased to 24 percent, down from 26 percent in September.
• Loads into Atlantic Canada increased to four percent, up from three percent in September.

The equipment capacity was higher in October, up by four percent month-over-month and by 26 percent year-over-year. The equipment-to-load ratio increased to 3.67 from 3.29 in September. Year-over-year, this ratio increased 80 percent from 2.03 in October 2014.

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