TORONTO – Loadlink Technologies’ Canadian spot market fell slightly in September, dropping 7 percent from August and 20 percent year-over-year.
SEPTEMBER SPOT FREIGHT HIGHLIGHTS
- September’s truck-to-load ratio was 3.65, just 5 percent higher than the ratio of 3.48 in August 2022 and 38 percent higher than in September 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 | Type | YoY (%) | MoM (%) |
|---|---|---|---|---|---|---|
| Montreal | QC | Toronto | ON | Reefer | 1.70 | 141 |
| Montreal | QC | Calgary | AB | Reefer | -35.1 | 35.9 |
| Surrey | BC | Edmonton | AB | Van | 95.1 | 87.8 |
| Toronto | ON | Calgary | AB | Reefer | 53.0 | 54.1 |
| Laredo | TX | Leamington | ON | Reefer | 118 | 98.2 |
| Winnipeg | MB | Calgary | AB | Van | 65.5 | 36.3 |
Outbound Cross-border Activity
Outbound loads from Canada entering the United States rose 7 percent from last month but fell 27 percent year-over-year from September 2021. Equipment postings fell 9 percent from August but were up 18 percent from last year.
Inbound Cross-border Activity
Inbound loads fell 22 percent compared to last month, while equipment postings were up 4 percent. Year-over-year, inbound loads declined by 12 percent while equipment postings were up by 16 percent.
Intra-Canadian Activity
Freight activity in Canada saw minor changes from August with load volumes falling just 2 percent. On a year-over-year basis, loads fell 6 percent from September 2021. Equipment postings also fell slightly by 3 percent from August but were up 15 percent year-over-year.
Average Truck-to-Load Ratios
The truck-to-load ratio declined slightly by 5 percent 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 percent higher than the ratio of 2.64 seen in September 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.