Quebec leads Canada’s spot market growth in third quarter – Truck News

Quebec has been the strongest performer in Canada’s spot market in the third quarter, according to August data from Loadlink Technologies. Both Ontario and Western Canada saw a large jump in outbound cross-border load postings (55% and 44% respectively), but still trail Quebec in the quarter. Overall, August saw a 4% increase in loads from July and a 33% improvement from August 2020.

Outbound cross-border loads saw the biggest jumps, up 42% on the heels of a 24% gain the month before.

Loads are up 66% year over year, while equipment postings declined 11%. Inbound cross-border loads declined 15% in August, with declines spread across all regions in Canada. Domestic loads were stable with a 2% increase, but 33% better than a year ago.

Quebec performed best with 52% more load postings destined for the region.

The truck-to-load ratio fell 3% to 2.98 trucks for each load, down from 3.08 in July.

The truck-to-load ratio was 15% lower compared to the 3.50 trucks posted per load last August.

Quebec leads Canada’s spot market growth in third quarter - Truck News