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Thursday, October 6, 2022

Capacity Up in Canada

 

According to TransCore Link Logistics, There were more trucks chasing every load in the Canadian spot market in October than in the previous two years.

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).