Canada’s spot market ended 2022 with two consecutive months of growth, closing the year with a 7 percent increase in December load volumes, reports according to Loadlink Technologies.
However, load availability was down 31% year over year; while loads from Canada to the U.S. were down 4%, and 34% year over year. Equipment postings for those loads dropped 17% from November but were up 25% from December 2021.
Canada-bound loads from the U.S. surged 39% from November, but were down 36% year over year. Equipment postings on those lanes were down 23% from November but up 26% year over year.
Domestic loads fell 7% in December and were down 23% year over year. Equipment postings for those loads were down 20% from November and 13% year over year.
There were 2.13 trucks post for every load, a 26% decrease compared to the 2.86 trucks per load posted in November. The truck-to-load ratio, however, was up 76% from the previous December.