Canada’s spot market closes 2022 with consecutive monthly gains

by Today's Trucking

Canada’s spot market ended 2022 with two consecutive months of growth, capping the year with a 7% jump in December load volumes.

Load availability was down 31% year over year, however, according to Loadlink Technologies.

Spot market chart

Loads from Canada to the U.S. were down 4%, and 34% year over year. Equipment postings for those loads dropped 17% from November but were up 25% from December 2021.

Canada-bound loads from the U.S. surged 39% from November, but were down 36% year over year. Equipment postings on those lanes were down 23% from November but up 26% year over year.

Domestic loads fell 7% in December and were down 23% year over year. Equipment postings for those loads were down 20% from November and 13% year over year.

There were 2.13 trucks post for every load, a 26% decrease compared to the 2.86 trucks per load posted in November. The truck-to-load ratio, however, was up 76% from the previous December.

Spot market infographic

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.