TORONTO, Ont.–TransCore Link Logistics Canadian Freight Index fell in November, declining 11 percent from October. This drop was offset by two fewer shipping days and the U.S. Thanksgiving holiday. Year-over-year volumes were still impressive, growing 19 percent compared to November 2013, said the Index.
Cross-border load volumes for November averaged 70 percent of the total.
Loads leaving Canada to the United States jumped 52 percent year-over-year.
Loads into Canada grew 12 percent year-over-year.
Intra-Canada load volumes represented 25 percent of the total volumes for November and increased eight percent year-over-year.
Of the total volumes within Canada for the month of November, western Canada saw the most significant regional shifts in load volumes:
Loads into western Canada increased to 41 percent, up from 37 and 33 percent the previous two months.
Loads into Quebec decreased to 21 percent, down from 26 percent in October.
Loads into Ontario and into Atlantic remained consistent compared to October.
Equipment postings decreased 12 percent compared to October. Annual postings fell eight percent from November 2013. The equipment-to-load ratio decreased to 2.01 from 2.03 in October and from 2.62 in November 2013.
Julia Kuzeljevich is Editor of Canadian Shipper. She has been writing about transportation and logistics issues since 1999. All posts by Julia Kuzeljevich