August 22, 2023

Freight volumes may have stabilized (bottomed-out)

In the USA:

  • Tender rejections are growing.
  • Prices are going up for shippers.
  • Excess capacity cleaned-out (read: workers laid off)

In Canada:

  • Shipments to/from Canadian (Vancouver) ports have returned after the strike.
  • Intermodal volumes continue at recent historical rock-bottom levels, but have stabilized.
  • While truck prices for shipping have stabilized, rail prices for shippers continue their decline to catch-up with truck spot prices.

Volumes are expected to slowly increase until the new year.

Refrigerated shipping is expected its continued increase. This is of interest to CN's new purchase of H&R.

Logistics industry

Canada Freight And Logistics Market leaders:

  • Deutsche Post DHL Group
  • United Parcel Service
  • FedEx
  • Purolator Inc.
  • TFI International Inc.