Capacity increasing in Canadian spot market

by Truck News

TORONTO, Ont. – There were more trucks chasing every load in the Canadian spot market in October than in two years, according to TransCore Link Logistics.

Truck capacity reached an all-time high in October, with equipment postings up 22% compared to September. Equipment postings were up 36% year-over-year and there were 3.22 trucks posted for each load, a 20% increase from 2.68 in September. A year ago, there were only 1.82 trucks for every load.

October load volumes were up 2% from September, with volumes down 23% year-over-year.

Intra-Canada loads accounted for 34% of total volumes and were up 3% year-over-year. Cross-border load postings were down 33% y-o-y (southbound) and 28% y-o-y (northbound).

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.