Canadian spot market drops 7% in September: Loadlink

by Today's Trucking

The Canadian spot market fell slightly in September, slipping 7% from August and 20% year-over-year, but freight activity is still in line with regular seasonal activity, Loadlink Technologies reported.

September’s truck-to-load ratio was 3.65, just 5% higher than the ratio of 3.48 in August 2022 and 38% higher than in September 2021.

Loadlink's September 2022 spot market volumes
(Photo: Loadlink Technologies)

Outbound loads from Canada entering the U.S.  rose 7% from last month but fell 27% year-over-year from September 2021. Equipment postings fell 9% from August but were up 18% from last year.

Inbound loads fell 22% compared to last month, while equipment postings were up 4%. Year-over-year, inbound loads declined by 12% while equipment postings were up by 16%.

Freight activity in Canada saw minor changes from August with load volumes falling just 2%. On a year-over-year basis, loads fell 6% from September 2021. Equipment postings also fell slightly by 3% from August but were up 15% year-over-year.

The truck-to-load ratio declined slightly by 5% from August’s ratio of 3.48 to a value of 3.65 trucks for every load in September. Year-over-year, September’s truck-to-load ratio was 38% higher than the ratio of 2.64 seen in September 2021.

Loadlink's Canadian trucks and loads index
(Photo: Loadlink Technologies)

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