TransCore’s Canadian Freight Index for the spot market dropped 21% in July as the traditional summer slowdown began. With the annual onset of summer construction, vacations, and company shutdown periods, July experienced the third lowest volumes of any month this year. However, it was the fourth most active July on record finishing 5% behind July 2011.
Cross-border postings decreased two points, accounting for 73% of overall load postings. Intra-Canada postings contributed 23% of the total load volumes, increasing one percent from June.
Equipment postings jumped nine percent month-over-month and were up significantly year-over-year, increasing 21%. The equipment-to-loads ratio increased in July, reaching the highest levels for 2012.
Top destinations for loads imported into Canada were: Ontario, 54%; Western, 23%; Quebec, 20%; Atlantic, 3%. Western Canada increased three percent, while Quebec decreased three percent. The remaining regions remained unchanged.
Top regions for import equipment into Canada were: Ontario, 53%; Western, 23%; Quebec, 21%; Atlantic, 3%. Western Canada decreased one percent, while Quebec increased one percent. The remaining regions remained unchanged.
Regions of origins for loads within Canada were: Western, 44%; Ontario, 26%; Quebec, 22%; Atlantic, 8%. The regions remained unchanged from last month.
The top US states of origin for loads destined to Canada in order of most loads were Pennsylvania, Ohio, California, Illinois, and Texas. The top US destinations for freight originating in Canada were New York, Texas, Pennsylvania, California, and Michigan.