Canada Truckload Market

Canada Truckload Market Overview:

The Canada truckload market size reached USD 14.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.7% during 2025-2033. Technological advancements, including telematics and automation, are positively influencing the Canada truckload market share by optimizing fleet efficiency. The expansion of manufacturing and trade further drives demand, with industries requiring reliable long-haul transportation for high-value goods.

Canada Truckload Market Trends:

Technological Advancements

Technological innovations are having a substantial impact on the Canada truckload market outlook by increasing efficiency in operations, decreasing costs, and enhancing customer satisfaction. The implementation of telematics and fleet management systems enables trucking companies to track real-time vehicle performance, monitor cargo, and manage routes more efficiently. These systems maximize fuel use, reduce delays, and deliver goods on time, which are essential in the competitive truckload industry. Indeed, fleet management systems have proven to cut down on fuel expenditure, enhancing both sustainability and cost savings. Operations are also being revolutionized through automation. Trucking companies are increasingly turning to automated systems for dispatching and route planning, minimizing the chances of human error and boosting productivity. Predictive analytics are being used to better forecast demand and utilize the fleet, thus decreasing empty miles and lowering operating expenses. Another important innovation is the merging of autonomous vehicle technologies. While still in infancy, autonomous trucks will transform long-haul trucking by mitigating driver fatigue, saving labour costs, and enhancing safety. In January 2025, Verizon Connect introduced two technology solutions to enhance fleet safety and regulatory compliance. Extended View Cameras provide near-360-degree visibility, while the Driver Vehicle Inspection Report (DVIR) streamlines vehicle inspections. These technologies are improving fleet operations, optimizing safety, and ensuring more efficient management for fleets across the United States and Canada.

Expansion of Manufacturing & Trade

Manufacturing and trade growth are among the most significant drivers of the Canada truckload market because they enhance the need for transportation services to transport products throughout the nation and globally. As manufacturing in Canada expands, sectors such as automotive, food & beverage (F&B), retail, and electronics need reliable and effective transportation to supply raw materials and finished goods. Truckload services play a critical role in fulfilling the logistics requirements of such industries, more so for long-haul deliveries. Increased trade, particularly with the US, has also stimulated the demand for trucking services. Trade treaties such as the United States-Mexico-Canada Agreement (USMCA) have created more efficient cross-border trade, which has contributed to increased quantities of goods moved by truck. The truckload market takes advantage of growing volumes of time-sensitive and high-value products like automotive components, machinery, and perishable products that need to be moved in direct, continuous shipments to ensure quality and timely delivery. This puts a premium on quick and efficient truckload services to support the timely restocking of inventories and smooth supply chains. Recent data indicate that in December 2024, service imports declined by 1.2% to $18.2 billion, while exports of services improved by 0.8% to $18.1 billion. This exchange change underscores the significance of trucking in easing seamless cross-border and international flow of goods and thus fueling Canada truckload market growth.

Canada Truckload Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on type of truckload, cargo type, distance, and vertical.

Type of Truckload Insights:

• Full Truckload (FTL)
• Less-than-Truckload (LTL)
• Intermodal Trucking

The report has provided a detailed breakup and analysis of the market based on the type of truckload. This includes full truckload (FTL), less-than-truckload (LTL), and intermodal trucking.

Cargo Type Insights:

• General Freight
• Refrigerated Goods
• Hazardous Materials
• Bulk Goods
• Automotive and Industrial Components

A detailed breakup and analysis of the market based on the cargo type have also been provided in the report. This includes general freight, refrigerated goods, hazardous materials, bulk goods, and automotive and industrial components.

Distance Insights:

• Short Haul
• Long Haul

The report has provided a detailed breakup and analysis of the market based on the distance. This includes short haul and long haul.

Vertical Insights:

• Retail and E-commerce
• Automotive
• Oil and Gas
• Manufacturing and Industrial Goods
• Agriculture and Food Processing
• Pharmaceuticals and Healthcare

A detailed breakup and analysis of the market based on the vertical have also been provided in the report. This includes retail and e-commerce, automotive, oil and gas, manufacturing and industrial goods, agriculture and food processing, and pharmaceuticals and healthcare.

Regional Insights:

• Ontario
• Quebec
• Alberta
• British Columbia
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Canada Truckload Market News:

• In May 2024, TFI International acquired Transport MJ Lavoie, a truckload carrier based in Saint-Rémi, Quebec. This marks TFI’s fourth acquisition in 2024, following Hercules Forwarding Inc., Sharp Trucking Services, and LJW Tank Lines, aligning with its strategy to strengthen truckload operations ahead of a planned spin-off.

Canada Truckload Market Report Coverage:

Key Questions Answered in This Report:

• How has the Canada truckload market performed so far and how will it perform in the coming years?
• What is the breakup of the Canada truckload market on the basis of type of truckload?
• What is the breakup of the Canada truckload market on the basis of cargo type?
• What is the breakup of the Canada truckload market on the basis of distance?
• What is the breakup of the Canada truckload market on the basis of vertical?
• What are the various stages in the value chain of the Canada truckload market? 
• What are the key driving factors and challenges in the Canada truckload market?
• What is the structure of the Canada truckload market and who are the key players?
• What is the degree of competition in the Canada truckload market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada truckload market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada truckload market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada truckload industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.