Canada’s spot market beginning to normalize: Loadlink

Canada’s spot market saw an influx of capacity amid softening freight demand in June, according to Loadlink Technologies. The shift signals a return to normalization. Spot market loads fell 23%…

Fuel prices put pressure on trucking conditions

Industry forecaster FTR’s Trucking Condition Index (TCI) fell into negative territory in May, as rising fuel prices put cost pressures on carriers. The -0.3 reading was down from a positive…

Truck tonnage jump reflects shift from spot market to contract

U.S. for-hire truck tonnage jumped 2.7% in June, according to the American Trucking Associations, reflecting a continued shift of freight from the spot market to contracts. A related index tracking…

Little risk of freight demand collapse: FTR

Falling spot market volumes and rates don’t tell the complete story about the current economic scenario, according to industry analysts at FTR. During a State of Freight webinar July 14,…

Shippers see improving conditions

U.S. shippers saw business conditions improve in April to the best conditions since September 2020, according to industry analyst FTR. Its Shipper Conditions Index improved to a reading of -1.7…

Canada’s spot market continues to cool

Canadian spot market load volumes fell 15% in May, according to Loadlink Technologies, reflecting a cooling from pandemic-induced highs. For the second consecutive month, truck capacity increased with 1.68 trucks…

Recession risk growing: ACT Research

Truck demand is likely to decrease in light of falling spot market rates and rising fuel costs, ACT Research reports. And the chance of a mild recession is increasing. “Russian…

Loadhitch app looks to make it easier for O/Os to find loads

A new load-matching freight app for owner-operators is coming to the Canadian market, and the company is currently looking to get freight-seeking O/Os on-board. Loadhitch says it will create a…

Good run for U.S. truck tonnage stalls in April

U.S. for-hire truck tonnage fell 2% in April, putting the brakes on a streak of eight straight monthly gains, the American Trucking Associations (ATA) reports. The drop came on the…

Shipper conditions plunge to record lows: FTR

Shipper conditions tracked by FTR fell to their weakest point on record in March, with its Shippers Conditions Index plunging to a reading of -23.1. That follows a previous record…

Freight metrics continue to deteriorate: ACT Research

Freight metrics continue to head south, according to ACT Research’s State of the Industry: NA Classes 5-8 Report. The industry forecaster said freight-related metrics that began to deteriorate in March…

Is that a speed bump ahead, or a cliff?

Alain Bedard isn’t losing sleep over a freight recession. The chairman and CEO of Canada’s largest fleet, TFI International, parried questions from analysts about a softening freight market during a…

Carrier survey shows continued optimism despite rising costs

Carriers continue to be optimistic about growth in freight volumes and rates this year, despite rising costs that are squeezing profitability. That was the finding of a survey conducted by…

Canada’s spot market load volumes remain at record levels

Canadian spot market load volumes continued to surge in March but the pace of growth is slowing, Loadlink Technologies reports. March data also showed an increase in truck postings. Spot…

Canada’s spot market continues record-setting load growth

Canada’s spot market continues to offer an abundance of loads, “with no signs of slowing down any time soon,” according to Loadlink Technologies. February volumes were up 171% year over…