Canada Freight Rates
Canada Freight Rates in December 2024
Updated Truckload Rates in Canada – December 2024
Truckload rates in Canada remain influenced by domestic and cross-border shipping dynamics. Below is the latest breakdown of spot and contract rates for key Canadian freight lanes.
Spot Market Rates:
- Intra-Canada Dry Van: Spot rates averaged $1.65 per mile in November 2024, down 2¢ month-over-month but still 9% higher year-over-year, supported by strong freight volumes earlier in the quarter.
- US to Canada: Northbound dry van rates held steady at $1.54 per mile, reflecting a 7.1% year-over-year increase, driven by holiday shipping.
- Canada to US: Southbound rates stabilized after temporary increases from earlier rail disruptions, settling as capacity normalized.
To see how Canadian rates change in the future, and for detailed analysis and forecasts or truckload, less-than-truckload, and intermodal, see ACT's freight & transportation forecast.
The supply/demand balance in the Canadian market made more progress on the supply side in October, according to LoadLink's Truck and Freight Indexes.
Tim Denoyer
Vice President & Senior Analyst
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