Lockdowns impact domestic spot market freight volumes

by Today's Trucking

Domestic freight on Canada’s spot market declined in January due to provincial lockdown measures, but inbound cross-border freight was on the rise.

(Source: Loadlink Technologies)

Loadlink Technologies reports there was little change to spot market volumes in January, with 2020 trends continuing. Cross-border freight accounted for nearly three quarters of all load postings on Loadlink’s network. Year-over-year, total loads were down 13% in January.

Load volumes were steady through most of January, but the third week of the month saw volumes falling 5% compared to the rest of the month.

(Source: Loadlink Technologies)

For the fourth straight month, outbound cross-border load volumes were down, 33% from December 2020 and 31% compared to last January. Meanwhile, equipment postings were up 22% from December.

Inbound cross-border load activity grew 29% from December and was down 5% year-over-year. Inbound cross-border freight was u 37% in Ontario and 34% in Quebec, Loadlink reported.

But domestic load volumes suffered. Ontario saw 24% less outbound domestic freight, and 28% less inbound freight. Quebec intra-Canada loads were down 20% for inbound volumes and 22% for outbound loads.

Capacity on the spot market increased by 8% in January, with 2.97 trucks per load, up from 2.75 in December. Capacity was 11% greater year-over-year.

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.