Canada’s Trucking Industry Faces a Double Crisis: Prolonged Freight Slowdown Followed by Rising Diesel Costs

By Canada Truck Operators Association
Cision Newswire
March 30, 2026
Category: Finance & Economics
Region: Canada

MISSISSAUGA, ON – The Canadian Truck Operators Association (CTOA) is raising concerns over rising diesel prices, warning that increasing fuel costs are placing renewed pressure on a trucking industry that is still in the early stages of recovery following a prolonged slowdown from 2022 through 2025. Recent increases in global oil prices, driven by escalating geopolitical tensions in the Middle East affecting key energy supply routes, are beginning to translate into higher diesel costs across Canada. For the trucking sector, where fuel remains one of the largest operating expenses, this trend is creating immediate financial strain, particularly for small and mid-sized carriers. Diesel prices in major markets have recently exceeded $2.39 per litre, levels not seen since 2022. For many, this represents a significant increase in day-to-day operating costs. …CTOA emphasizes that the industry is not seeking long-term subsidies, but targeted, short-term support to help stabilize an essential sector during a period of exceptional cost volatility.

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