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Friday, March 1, 2024

Canadian Spot Market Freight up in May, slightly

Canadian spot market freight volumes edged up in May, according to the latest TransCore Link Logistics Canadian Freight Index.

Month-over-month load volumes were up 4% from April. However, year-over-year volumes were down 22% compared to May 2014, marking the fifth consecutive decrease.

Cross-border loads leaving Canada dropped 23% and inbound loads fell 21% year-over-year. These loads represented about 70% of the total data submitted by Loadlink customers.

Intra-Canada load volumes were down 25% y-o-y. Loads destined for Western Canada were down 15% while loads into Ontario surged 24% compared to April.

Equipment capacity on the Loadlink boards were relatively flat from April. However, truck postings were up 25% year-over-year. The equipment-to-load ratio decreased from 2.50 in April to 2.39.