Statistics Canada reports that Canadian railways transported 32.6 million tonnes of freight in October, down 1.3% from October 2022 levels, marking the sixth straight month of year-over-year decline. Increases in loadings of potash and some energy products helped to offset a steep decline in grain shipments.

The Federal Agency notes that despite the overall decline, total freight carried approached the five-year average of 33.3 million tonnes for October.

Non-intermodal freight loadings in Canada decreased for the second month in a row, down 1.7% year over year to 26.1 million tonnes in October, led by sharp declines in some agricultural products-in particular, grains.

Intermodal shipments-mainly containers-originating in Canada fell 7.0% year over year to 3.0 million tonnes, the 11th consecutive decline and the lowest volume recorded for the month of October in over five years.

Freight traffic arriving from the United States remained well above the volume of previous years for the third consecutive month, up 7.2% year over year to 3.6 million tonnes-the third highest volume recorded for the month of October in the last 10 years.

 

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