Canada transportation and supply chain indexes released for August
Canada has released its latest transportation and supply chain service index data for August, offering an updated view of freight volumes and pricing trends across the sector. The monthly indicators cover national-level activity only, and figures for the previous six months may be revised with each release.
Highlights
- Statistics Canada released August Transportation Services Index and Supply Chain Services Price Index, both benchmarked to January 2018 = 100.
- Transportation Services Index tracks domestic for-hire freight volumes (NAICS code 48), while Supply Chain Services Price Index monitors monthly freight pricing changes.
- Both indices provide national-level data only and figures for the prior six months may be revised with each release, impacting short-term market insights.
August index release and methodology
Statistics Canada reports that the Transportation Services Index and the Supply Chain Services Price Index, both based on January 2018 equals 100, are now available for August.The indices were developed for Transport Canada to measure changes in volumes and prices across transportation sectors using a methodology developed internally by Statistics Canada. The Transportation Services Index is a Laspeyres-type volume index that includes domestic for-hire freight transportation only, as specified under the North American Industry Classification System code 48.
The Supply Chain Services Price Index is a composite index that tracks monthly price changes for freight transportation services provided by the for-hire transportation sector in Canada. Seasonally adjusted data are available for the Transportation Services Index.
National freight sector coverage and revisions
The data are available at the national level only, limiting regional comparison but providing a broad indicator for Canada’s transportation and supply chain markets.Statistics Canada says data for the previous six months may be revised with each release, a standard feature that can affect short-term readings for freight activity and pricing.
In our earlier report on the conflict-driven surge in crude oil tanker shipping costs, we explained how heightened security risks and rerouted voyages have pushed freight and insurance premiums sharply higher on key routes such as the Strait of Hormuz and the Red Sea. We also noted that these record transport costs can feed directly into fuel and consumer prices while creating uneven impacts across import-dependent markets, refiners, and tanker owners.
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