Load volumes were steady through most of January, but the third week of the month saw volumes falling 5% compared to the rest of the month.

For the fourth straight month, outbound cross-border load volumes were down, 33% from December 2020 and 31% compared to last January. Meanwhile, equipment postings were up 22% from December.

Inbound cross-border load activity grew 29% from December and was down 5% year-over-year. Inbound cross-border freight was u 37% in Ontario and 34% in Quebec, Loadlink reported.

But domestic load volumes suffered. Ontario saw 24% less outbound domestic freight, and 28% less inbound freight. Quebec intra-Canada loads were down 20% for inbound volumes and 22% for outbound loads.

Capacity on the spot market increased by 8% in January, with 2.97 trucks per load, up from 2.75 in December. Capacity was 11% greater year-over-year.

References:

https://ontruck.org/loadlink-lockdowns-impacting-spot-market/