TORONTO – Loadlink Technologies’ Canadian spot market showed considerable improvement in November with load volumes rising 26 percent from October, but down 23 percent year-over-year.
November SPOT FREIGHT HIGHLIGHTS
| Origin City | Origin State | Destination City | Destination State | YoY (%) | MoM (%) |
|---|---|---|---|---|---|
| Calgary | AB | Winnipeg | MB | 15 | 307 |
| Chicago | IL | Montreal | QC | 188 | 237 |
| Montreal | QC | Winnipeg | MB | 124 | 17 |
| Calgary | AB | Surrey | BC | 29 | 81 |
| Toronto | ON | Calgary | AB | -31 | 57 |
| Delta | BC | Calgary | AB | 36 | 57 |
Outbound Cross-border Activity
Outbound loads from Canada to the United States rose 30 percent from last month and are only down a single percentage point from this time last year. Equipment postings also just fell by a single percent from October but are up 26 percent year-over-year.
Inbound Cross-border Activity
Inbound loads increased 27 percent compared to last month but fell 32 percent compared to last November. Equipment postings were up by 22 percent year-over-year and 37 percent from October.
Intra-Canadian Activity
Freight activity within Canada saw a nice uptick of 22 percent from October but was 10 percent lower than the prior year. Equipment postings were unchanged on a monthly basis but was up 22 percent year-over-year.
Average Truck-to-Load Ratios
The truck-to-load ratio in November of 2.68 was 21 percent lower than the 3.64 trucks for every load posted in October. Year-over-year, November’s truck-to-load ratio was 60 percent lower than the ratio of 1.79 seen in November 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 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.