Data from the Canada Border Services Agency points to a continued increase in freight movement, up from the staggering pandemic plunge.
The number of trucks crossing the US-Canada border reached its highest level since late March. Nearly 86,000 truckers entered Canada from the U.S. during the week ending May 31. While positive, it still represents a decline of almost 22% compared to a year ago.
The latest data point offers yet another optimistic signal for cross-border freight, as it slowly recovers from the COVID-19 slowdown. It also aligns with the rebound in freight volumes in the U.S. and Canada.
Despite the uptick in cross-border trucking, merchandise trade between the U.S. and Canada declined by more than 35%, or C$23.4 billion, in April, according to a June 4 report released by Statistics Canada. Auto manufacturing and energy accounted for most of that plunge.
While U.S. and Canadian freight volumes have recovered off their March lows, a return to pre-COVID-19 production levels is not expected in the near-term.
For more information, contact William Sanchez, Manager – Truck Services.