TransCore’s Canadian Freight Index Sees Mixed Results in September

TransCore Link Logistics Canadian Freight Index showed a nine percent year-over-year increase for September while month-over-month load volumes decreased by five percent.

Third quarter saw a decrease of five percent from second quarter; however, volumes increased by one percent when compared to the first quarter and by two percent compared to the third quarter last year. The high point for load volumes this quarter was seen in July and the highest point year-to-date was seen in May.

Although equipment postings in September decreased by five percent from the previous, the year-over-year postings jumped by 15 percent compared to September 2012.

Top equipment volumes in September were: dry vans at 52 percent, reefers at 23 percent and flatbeds at 19 percent. The equipment-to-load ration decreased in September to 2.56 from 2.57 in the previous month.

Intra-Canada volume, which was at the highest levels year-to-date, contributed 28 percent of the total volumes for September and were two percent above August levels. Cross-border loads destined for provinces within Canada accounted for 67 percent of overall volume.

Top regions for loads into Canada by region of destination were:

• Ontario 55 percent
• Western 26 percent
• Quebec 17 percent
• Atlantic 2 percent

Top regions for loads within Canada by region of origin were:

• Western 44 percent
• Ontario 32 percent
• Quebec 17 percent
• Atlantic 7 percent

Top regions for loads within Canada by region of destination were:

• Western 34 percent
• Ontario 37 percent
• Quebec 26 percent
• Atlantic 3 percent

About Canada’s Largest Freight Matching System

TransCore’s Loadlink freight matching database constitutes the largest Canadian network of carriers, owner operators, freight brokers and intermediaries and has been available to Canadian subscribers since its inception in 1990. Over 13 million full loads, LTL (less than truck load) shipments and trucks are posted to the Loadlink network annually. As a result of this high volume, TransCore’s Canadian Freight Index is representative of the ups and downs in spot market freight movement and provides a historical account of the domestic and cross border spot market freight movement. More info at: Transcore.

 

Category: Featured, General Update