November's Canadian Freight Index Down from Last Year
TORONTO — There was no change in month-over-month volumes on TransCore’s Canadian Freight Index for November, the company reported today.
Compared to last November, volumes are down 15 percent, TransCore said. (Although, always looking on the positive side, TransCore noted that load volumes are a healthy 51 percent over 2008 recessionary levels.)
"Cross-border postings were very similar to October’s, which accounted for 69 percent of overall load volumes," TransCore said. "Intra-Canada postings contributed 26 percent of the total load volumes, a decrease of one percent from the previous month."
Equipment postings dropped five percent month-over-month, but there's been a 17 percent increase year-over-year. Available capacity, noted TransCore, corresponds with November 2007 numbers.
Top states of origin for loads destined to Canada were:
Top destinations for loads imported into Canada were:
Ontario 56.5 percent
Western 21.2 percent
Quebec 20.1 percent
Atlantic 2.1 percent
Top regions for import equipment into Canada were:
Ontario 51.5 percent
Western 22.6 percent
Quebec 22.1 percent
Atlantic 3.9 percent
Regions of origins of loads within Canada were:
Western 49 percent
Ontario 29 percent
Quebec 16 percent
Atlantic 6 percent