TORONTO – Loadlink Technologies’ Canadian spot market climbed slightly in August, increasing 13 percent from July, now only down 4 percent year-over-year.
AUGUST SPOT FREIGHT HIGHLIGHTS
- August’s truck-to-load ratio was 3.48, just over 16 percent higher than the ratio of 2.98 in August 2021.
- While national averages continue to fluctuate, Loadlink’s Posting Index reveals these key lanes continually experiencing growth:
| Origin City | Origin State | Destination City | Destination State | YoY (%) | MoM (%) |
|---|---|---|---|---|---|
| Laval | QC | Columbus | OH | 36900 | 1133.3 |
| Montreal | QC | Modesto | CA | 129.3 | 897.5 |
| Montreal | QC | Miami | FL | 26.5 | 245.9 |
| Delta | BC | Edmonton | AB | 14.7 | 203.9 |
| Mississauga | ON | Montreal | QC | 14.2 | 55.3 |
| Edmonton | AB | Winnipeg | MB | 26.2 | 10.4 |
Outbound Cross-border Activity
Truckloads shipping across the border from Canada to the United States rose by 12 percent from last month, which represents a 23 percent decline from this time last year. Equipment postings were up 19 percent year-over-year, increasing 12 percent from July.
Inbound Cross-border Activity
Inbound loads fell 32 percent compared to last month, though are up 6 percent compared to last August. Equipment postings were up by 8 percent year-over-year and 29 percent from July.
Intra-Canadian Activity
Freight activity within Canada has seen a 13 percent dip from July, though loads within Canada are still 8 percent greater than what we saw this time last year.
Average Truck-to-Load Ratios
The truck-to-load ratio declined marginally in August from the ratio of 3.51 we saw last month. The ratio for August was 3.48 available trucks for every load posted. Year-over-year, August’s truck-to-load ratio was 16 percent higher than the ratio of 2.98 seen in August 2021.
About Loadlink Indexes
Freight Index data provides insight into Canada’s economy at large and is a primary resource for the trucking community. The Freight Index accurately measures trends in the truckload freight spot market as its components are comprised from roughly 7,000 Canadian carriers and freight brokers. This data includes all domestic and cross-border data submitted by Loadlink customers and thus is considered a real-time pulse of what’s happening in the North American freight industry.
Rate Index data is based on the average spot rates paid by freight brokers and shippers to carriers in the specific lanes where loads are hauled. This data also shows real-time and historically available capacity as well as total truck-to-load ratios.
About Loadlink Technologies
Loadlink Technologies moves Canada’s freight by matching trucks with loads. With 30 years of freight matching experience, Loadlink delivers a reliable ecosystem of technology, data, and analytics to keep Canadian freight moving. Loadlink is trusted by transportation companies and brokers of all shapes and sizes and is proudly the industry’s largest and most efficient digital freight network.