Canada’s spot market is so strong, freight volumes are off the charts, according to Loadlink Technologies, which had to adjust its reporting charts to accurately reflect January volumes.
Loads surged 154% year over year, marking the best January on record by an additional 14%. Shipments from Canada to the U.S. were nearly three times higher than a year ago.
Meanwhile capacity is tight, with just 0.93 trucks posted per load.
“Combining the current truck shortage with the huge surge in loads only compounds the capacity constraints,” says Claudia Milicevic, president of Loadlink Technologies. “Truck-to-load ratios are even lower than the record low capacity crunch that temporarily ensued following the electronic logging device (ELD) mandate in the U.S. close to five years ago.”
Read more in an article from Today’s Trucking.