“It’s slow right now, not too many loads," said the owner of JK Transport, a Brampton-based trucking company Singh launched 15 years ago.A new tractor now costs him $225,000, up from the $135,000 he paid in 2019, Singh said. Trailers for his fleet of 15 semi-trucks have doubled in price to $80,000. And he can only charge $1.50 per mile for deliveries that reaped $2.30 per mile last year.He's not alone.
Canadians continue to shell out on services ranging from airfare to fine food, but their craving for items shipped in a box has fallen since 2021 and 2022. “We wait for one to three days for it to come back," Singh said of his shipments to California, referring to the pre-load wait time. Rather than having stable contracts and regular income to fall back on, the"mom-and-pop shops" bid daily for shipments via a range of apps such as Freightera and FreightSimple, Gradek said.
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