Canadian spot market up 13% in August: Loadlink

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Canadian spot market volumes rose barely in August, rising 13% from July, now solely down 4% yr over yr, Loadlink Applied sciences reported.

August’s truck-to-load ratio was 3.48, simply over 16% increased than the ratio of two.98 in August 2021. The truck-to-load ratio declined marginally from 3.51 final month.

(Picture: Loadlink Applied sciences)

Truckloads transport throughout the border from Canada to the U.S. rose by 12% from final month, representing a 23% decline from this time final yr. Gear postings had been up 19% yr over yr, rising 12% from July.

Inbound masses fell 32% in comparison with final month, although are up 6% in comparison with final August. Gear postings had been up by 8% yr over yr and 29% from July.

Freight exercise inside Canada has seen a 13% dip from July, although masses inside Canada are nonetheless 8% higher than this time final yr.

Image of Canadian trucks and loads index
(Picture: Loadlink Applied sciences)

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