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For-hire Motor Carrier Freight Services Price Index
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First-ever data are now available from the new For-hire Motor Carrier Freight Services Price Index.
The For-hire Motor Carrier Freight Services Price Index increased 0.9% in the third quarter, compared with the second quarter.
The specialized freight trucking component rose 1.1%, while the general freight trucking component advanced 0.8%.
On a year-over-year basis, the index declined 10.4% in the third quarter compared with the third quarter of 2008. The decline was mostly due to a sharp decrease in diesel fuel prices in 2009.
With this release, monthly data are also available from January 2007. From January 2007 to September 2009, the index reached a peak in July 2008 and fell to its lowest point in May 2009. Fluctuations in fuel prices were the main contributors to these movements.
Note: The For-Hire Motor Carrier Freight Services Price Index is part of the Services Producer Price Index program at Statistics Canada. This is a monthly index which is disseminated on a quarterly basis. The monthly index measures changes over time in prices for the for-hire motor carrier freight services provided by general and specialized freight trucking companies. The data collected are used to estimate a price index for the truck transportation services sector. The index can be joined with other business service indexes to provide better estimates of real output and productivity, and to monitor inflation in the services sector. Indexes are available at the Canada level only.
Available on CANSIM: table 332-0004.
Definitions, data sources and methods: survey number 5136.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Client Services (toll-free 1-888-951-4550; 613-951-4550; fax: 613-951-3117; ppd-info-dpp@statcan.gc.ca), Producer Prices Division.
Table 1
| Relative importance1 | Third quarter 2008 | Second quarter 2009 | Third quarter 2009p | Second quarter to third quarter 2009 | Third quarter 2008 to third quarter 2009 | |
|---|---|---|---|---|---|---|
| (2007=100) | % change | |||||
| Truck transportation | 100.00 | 110.9 | 98.5 | 99.4 | 0.9 | -10.4 |
| General freight trucking | 57.87 | 111.0 | 97.9 | 98.7 | 0.8 | -11.1 |
| General freight trucking, local | 23.65 | 111.7 | 96.0 | 97.1 | 1.1 | -13.1 |
| General freight trucking, long distance | 76.35 | 110.8 | 98.5 | 99.2 | 0.7 | -10.5 |
| Specialized freight trucking | 42.13 | 110.6 | 99.3 | 100.4 | 1.1 | -9.2 |
| Used household and office goods moving | 8.09 | 109.1 | 105.1 | 108.5 | 3.2 | -0.5 |
| Specialized freight (except used goods) trucking, local | 37.63 | 107.1 | 98.2 | 99.3 | 1.1 | -7.3 |
| Specialized freight (except used goods) trucking, long distance | 54.28 | 113.3 | 99.2 | 99.9 | 0.7 | -11.8 |
