Canada Freight Rates

Truckload Rates in Canada – April 2025

Canadian truckload rates showed signs of recalibration in March as the effects of pre-tariff shipping began to fade. Cross-border lanes are adjusting to new trade realities, while domestic capacity continues to tighten amid lower equipment investment. Below is the latest breakdown of spot rates across key Canadian freight corridors.

Spot Market Rates

Intra-Canada Dry Van:
Spot rates continued to ease in March, following a decline in February as pre-tariff inventory moves wound down. Rates now reflect more typical seasonal dynamics, though limited Class 8 sales and tightening capacity across Canada are offering some support. Market conditions remain firmer than historical norms, but upward momentum is softening.

US to Canada:
Northbound dry van rates pulled back from early-year highs as pre-tariff demand moderated. While still elevated compared to last year, rates are stabilizing in line with seasonality. Potential slowdowns in US manufacturing and consumer goods activity could dampen demand into Q2, especially if tariff-related costs continue rising.

Canada to US:
Southbound lanes saw more noticeable rate pressure in March, with newly implemented tariffs on Canadian exports beginning to impact volume and pricing. Retaliatory measures and shifting sourcing strategies are adding volatility to the corridor. Equipment availability remains balanced for now, but market uncertainty is increasing as trade policy evolves.

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.