Canada Freight Rates

Truckload Rates in Canada – July 2025

Canadian truckload rates continued to recalibrate in June, as post-tariff normalization settled in and broader freight demand remained tepid. Cross-border activity is holding steady, but early indicators point to softening volume trends, while domestic supply conditions are beginning to balance after earlier fleet contraction. Below is the latest breakdown of spot rates across key Canadian corridors.

Spot Market Rates

Intra-Canada Dry Van:
Spot rates fell another 9¢ in June, extending May’s 8¢ decline and signaling continued pressure on domestic freight pricing. Demand remains soft across most provinces, and while seasonal freight cycles are still evident, momentum has faded as inventory levels stabilize and consumer sentiment weakens. Tight capacity—driven by a shrinking Canadian Class 8 fleet—has not been enough to offset the broader demand slowdown.

US to Canada:
Northbound dry van rates were flat in June, but load volumes began to ease by month-end. Cross-border demand is losing steam, as U.S. retail restocking slows and trade volumes moderate post-tariff. If U.S. manufacturing and consumer activity continue to soften, additional downward pressure on northbound rates is likely entering Q3.

Canada to US:
Southbound lanes saw further rate erosion in June, reflecting continued softness in U.S. demand and ongoing trade policy uncertainty. DAT Canada reported another 7¢ m/m decline in reefer spot rates, following May’s 13¢ drop, pointing to broad-based weakness in cross-border freight. While equipment availability is stable, carriers are facing increasing pressure on margins as fuel, equipment, and regulatory costs stay elevated against a cooling rate environment.

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.