Canada’s spot market freight levels remain strong
Canada’s spot market showed continued strength in May, a month that included the strongest single-day load volumes since April 2018.
Loadlink Technologies reported stabilized domestic loads in May, while cross-border activity showed a slight improvement.
May load volumes were up 118% year-over-year, and up 4% from April. Average daily load volumes were the highest since June 2018. The final week of May had the highest daily average loads in a single week since the beginning of the pandemic, Loadlink reports.
Outbound cross-border loads were flat from April, while inbound loads entering Canada rose 8%. Domestic loads were unchanged, at strong volumes.
All regions saw a decrease in domestic inbound freight, except Ontario which saw a 12% increase.
The truck-to-load ratio tightened by 5%, with 2.47 trucks per load compared to 2.6 in April. The ratio was 53% lower year-over-year – there were 5.27 trucks per load last May.
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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.
Are the rates on the Canadian freight so the truck drivers can make as much per hour as other jobs.