The Canada Freight and Logistics Market size is estimated at 111.7 billion USD in 2025, and is expected to reach 139.2 billion USD by 2030, growing at a CAGR of 4.50% during the forecast period (2025-2030).
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Rising freight volumes supported by e-commerce sales are driving the demand for all modes of transport in Canada
- Canada's rail transport industry, boasting an extensive track length of over 48,309 km, holds a prominent position within the nation's transportation system. Rail freight operations dominate the industry's revenue, accounting for 95%, while the remaining 5% is attributed to passenger services, including commuter, intercity, and tourist rail. In the air transport industry, in October 2023, the Minister of Transport announced the conclusion of an expanded air transport agreement between Canada and Panama. Each country's airlines are now able to operate an unlimited number of all-cargo flights.
- In 2023, the Canadian government committed CAD 150 million (USD 110 million) from its National Trade Corridors Fund to establish a new container terminal at the Port of Montreal. This initiative was part of a broader program, with a budget of USD 4.6 billion spanning 2017 to 2028, aimed at bolstering Canada's trade through transportation-related projects. The new terminal, slated for construction in Contrecoeur, Quebec, approximately 40 kilometers (24.9 miles) upstream from the existing port facilities, is expected to be operational by the end of 2026. The Port of Montreal, which handled 1.72 million TEUs in 2022, is poised for further expansion with this new addition.
Canada Freight and Logistics Market Trends
Canada's transportation sector soars, boosted by infrastructure projects, eased travel policies and urban transit growth
- An efficient and reliable transportation system is crucial for the economy. Through the National Trade Corridors Fund, the Government of Canada invests in improving supply chains, reducing trade barriers, and fostering business growth for future economic opportunities. In May 2024, the Minister of Transport announced up to USD 51.2 million for 19 digital infrastructure projects under this fund. By promoting innovative technologies for stronger supply chains, the government aims to move goods faster and cheaper, making life more affordable for Canadians. This initiative will foster strong collaboration with stakeholders nationwide on key digital projects to better address transportation bottlenecks, vulnerabilities, and congestion at Canada's ports.
- In November 2024, the government announced progress in various projects. They had completed highway infrastructure improvements, enhancing road connections for First Nations communities to the province’s highway network. This included the successful removal and replacement of seven culverts on Highway 584 in 2024 and the completion of work planned on three culverts along Highway 11 in 2025. Looking ahead, an additional 26 culverts were set to be replaced along Highway 584 during the 2025-2026 construction seasons, with pavement rehabilitation of Highway 584 planned for 2027.
Rising tensions in the Middle East are expected to affect crude oil supplies and lead to sudden price hikes
- Gasoline prices rose 0.8% YoY in February 2024. Additionally, gasoline prices rose by 5.6% YoY in May 2024, compared to 6.1% in April, 4.5% in March, and 0.8% in February. North America, strong crude oil production is expected to continue in the coming years. Also, as more Canadian crude oil is expected to reach global markets with the Trans Mountain Pipeline expansion coming online, there will be amply supplied crude oil markets. However, increased risks due to rising tensions in the Middle East are expected to affect crude oil supplies and lead to sudden price hikes.
- Annual maintenance on Canada's oil sands plants in 2024 is expected to cause no more disruption than usual. However, trade union officials warn of a labor shortage during Alberta's 2025 turnaround season due to the start of two new industrial projects. Each year, Alberta producers hire thousands of skilled workers for essential maintenance on oil sands upgraders, thermal projects, and refineries. Canada, the world's fourth-largest oil producer, gets about two-thirds of its 4.9 million barrels per day of crude from the oil sands in northern Alberta. This might raise fuel prices in 2025.
Canada Freight and Logistics Industry Overview
The Canada Freight and Logistics Market is fragmented, with the major five players in this market being Canada Post Corporation (including Purolator), DHL Group, FedEx, TFI International Inc. and United Parcel Service of America, Inc. (UPS) (sorted alphabetically).Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 EXECUTIVE SUMMARY & KEY FINDINGS2 REPORT OFFERS7 KEY STRATEGIC QUESTIONS FOR FREIGHT AND LOGISTICS CEOS
3 INTRODUCTION
4 KEY INDUSTRY TRENDS
5 MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3. Forecasts up to 2030 and analysis of growth prospects)
6 COMPETITIVE LANDSCAPE
8 APPENDIX
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Air Tindi Ltd.
- Algoma Central Corporation
- C.H. Robinson
- Canada Post Corporation (including Purolator)
- Cargojet Inc.
- Delmar International Inc.
- Deutsche Bahn AG (including DB Schenker)
- DHL Group
- DSV A/S (De Sammensluttede Vognmænd af Air and Sea)
- Expeditors International of Washington, Inc.
- FedEx
- Kuehne+Nagel
- Lineage Logistics LLC
- Logistec Corp.
- TFI International Inc.
- United Parcel Service of America, Inc. (UPS)
Methodology
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