TORONTO – Loadlink Technologies’ Canadian spot market once again showed monthly growth from November, with load volumes rising seven percent in December but still saw a decline of 31 percent from 2021’s record-high December volumes.

December SPOT FREIGHT HIGHLIGHTS 

Origin City Origin State Destination City Destination State Vehicle YoY (%) MoM (%)
Nogales AZ Toronto ON Reefer 27 382
Saskatoon SK Edmonton AB Van 558 316
Winnipeg MB Calgary AB Reefer -21 110
Chicago IL Mississauga ON Van -9 101
Calgary AB Delta BC Van 85 62
Toronto ON Montreal QC Van -28 52

Outbound Cross-border Activity

Outbound loads from Canada to the United States fell slightly by four percent from last month and were down 34 percent from this time last year. Equipment postings also fell by 17 percent from November but are up 25 percent year-over-year.

Inbound Cross-border Activity

Inbound loads rose significantly by 39 percent compared to November but was down 36 percent on a year-over-year basis. Equipment postings were down 23 percent from November but up 26 percent from last December.

Intra-Canadian Activity

Freight activity within Canada fell slightly by seven percent from decent gains in November. Year-over-year, load postings decreased by 23 percent. Equipment postings fell 20 percent month-over-month but were up 13 percent year-over-year.

Average Truck-to-Load Ratios

The truck-to-load ratio in December of 2.13 was 26 percent lower than the 2.86 trucks for every load posted in November. Year-over-year, December’s truck-to-load ratio was 76 percent higher than the ratio of 1.21 seen in December 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 of roughly 7,500 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 technology, data, and analytics ecosystem 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.

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