Canadian Freight Volumes Plummet 23% in First Quarter
A measure of the Canadian spot market in freight during the first quarter of this year plummeted by 23% as compared to the same period in 2014.
According to TransCore, which issued the summary the Canadian Freight Index volume for the first quarter of 2015 peaked in March surpassing February volumes by 13 percent.
The group noted that “first quarter 2015 volumes mirrored total volumes in fourth quarter 2014 and were comparatively flat between quarters. Yet, first quarter volumes were down 20 percent compared to the same period last year.”
The distribution of cross-border loads coming into Canada to Ontario, Western, Quebec and Atlantic regions remained unchanged for the first part of the year. However, regional shifts leaving Canada fluctuated in Western, Ontario and Quebec regions. Cross-border load volumes averaged 73 percent of the total, an increase of two percent compared to February.
Outbound load volumes decreased 21 percent and inbound loads were down 20 percent year-over-year. Intra-Canada load volumes represented 23 percent of the total volumes, a decrease of three percent compared to February and 26 percent year-over-year.
TransCore’s Canadian Freight Index measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers.
Category: Featured, General Update
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