TORONTO – Loadlink Technologies’ Canadian spot market climbed slightly in October, increasing 1 percent from September, now down 19 percent year-over-year.

OCTOBER SPOT FREIGHT HIGHLIGHTS 

  • October’s truck-to-load ratio was 3.64 flat compared to September and down 27 percent compared to October 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 (%)
Montreal QC Calgary AB 206 294
Edmonton AB Surrey BC -2.3 145
Toronto ON Calgary AB 124 137
San Diego CA Breslau ON 63
McAllen TX Toronto ON -37 53
Brampton ON Winnipeg MB 98 34

Outbound Cross-border Activity

Outbound loads from Canada to the United States rose 25 percent from last month, but are down 28 percent from this time last year. Equipment postings are down 8 percent from September but are up 27 percent year-over-year.

Inbound Cross-border Activity

Inbound loads fell 51 percent compared to last month and 21 percent compared to last October. Equipment postings were up by 22 percent year-over-year and 37 percent from September.

Intra-Canadian Activity

Freight activity within Canada has seen a 10 percent decline from September and 8 percent lower than the prior year. Equipment postings are up 7 percent from September and 22 percent year-over-year.

Average Truck-to-Load Ratios

The truck-to-load ratio in October of 3.64 was in line with 3.65 trucks for every load in September. Year-over-year, October’s truck-to-load ratio was 27.20 percent lower than the ratio of 5.00 seen in October 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.

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