Canada’s spot market cools, but remains stronger than in past years – Truck News
Canadian spot market load volumes declined in April, but remained above previous years’ levels, Loadlink Technologies reports. Load volumes fell 34% from March’s record levels, but were up 71% year over year. The truck-to-load ratio fell to 1.14, down 56% from a year ago when there were 2.58 trucks posted for every load.
But the ratio was up 68% from March when there were just 0.68 trucks per load.
Loadlink says capacity is still strained, but there are early indications of a loosening. Cross-border loads into the U.S. fell 35% compared to March, but are still up 161% year over year. Northbound cross-border loads dropped 37% from March but were 56% better than last April.
Domestic freight also saw a 30% drop from March, but were up 52% year over year.