WOODBRIDGE, ON — Canadian spot market load volumes have been trending similar to 2013 levels, according to new data from Loadlink, which also shows a lot of new truck capacity in struggling Western Canada.
Claudia Milicevic, general manager of TransCore LinkLogistics, updated the industry on load volumes Wednesday at the company’s annual golf event. She noted that June’s average of more than 17,000 loads posted daily to the online freight matching system is down from about 18,000 around the same period in 2015, and a peak of 22,000 loads per day in 2014.
“We started at a low volume, but it’s been increasing,” Milicevic said about 2016 load volumes. “We were bouncing around a bit at the beginning of the year.”
Milicevic hopes 2016 will continue to trend along the lines of 2013, when there was not a large drop of load volume during the summer months.
In 2016, an average of 50,000 trucks are posted every day to Loadlink.
“It looks like there is a lot of capacity, but it’s not as bad as it seems. It’s because a lot of trucks posted are from Western Canada, and we’re not seeing those spikes in Ontario capacity,” said Milicevic.
Some Western Canada drivers, particularly in Alberta, have been looking for new loads to fill in for a downturn in oil patch activity.
According to Loadlink, the truck-to-load ratio sits at about 3.11 as of the second quarter of 2016. This is down from 3.74 in the fourth quarter of 2015.