TransCore’s Canadian Freight Index closed last year setting a record high for December load volumes.
“With two fewer shipping days, December’s volumes jumped 11 per cent month-over-month and represented the highest month-over-month percentage change for the second half of the year,” the freight solutions company reported.
“December also had the largest year-over-year increase compared to any month in 2013 surpassing December 2012 load volumes by a remarkable 29 per cent.”
According to TransCore, last year started and ended with noteworthy load volumes. Annual volumes for 2013 hit a historic high for the month of January followed by an up-and-down trend for subsequent months before ending strong with a record-breaking high for the month of December.
Cross-border loads originating in Canada destined to the United States soared by 50 per cent year-over-year, while cross-border loads originating in the US destined for provinces within Canada climbed by 16 per cent year-over-year.
Intra-Canada load volumes represented 28 per cent of the total volumes for December and increased significantly by 30 per cent compared to the same period last year.
TransCore’s Canadian Freight Index is based on the company’s Loadlink freight matching database, which constitutes the largest Canadian network of carriers, owner operators, freight brokers and intermediaries and is said to be representative of the ups and downs in spot market freight movement.