Ontario’s recent economic turbulence and stagnant U.S. market growth has led to lower freight volumes and rates throughout the first part of 2015, although conditions on both fronts are still expected to remain quite resilient.
The Ontario Trucking Association’s second quarter 2015 business conditions survey for the bellwether sector (which covers carriers’ experiences and forecasts for on Intra-Ontario, inter-provincial, southbound US, northbound US freight lanes) shows that expectations going forward remain buoyant despite recent freight market weakness on both sides of the border, ever-tightening capacity, higher wage costs and unprecedented prices for new equipment and maintenance. [...]
Lower expectations for pricing within Canada reflected the softened volumes of the last three months, but the decline was comparatively modest and near-term rate expectations remain in line with the recent trend of robust pricing. Click here to read more.
Related: Trucking Comes Up Short in Search for Young Drivers (Wall Street Journal)