Dynamic mechanical thermal analysis (DMTA) tests were conducted on high-oil content, paraffin-based wax used in wax-coated granular composites. These composites make up the surface of synthetic Thoroughbred horse racetracks used in North America. The modulus and damping response from the DMTA tests were correlated with the dynamic triaxial shear strength response of the bulk track material taken at two different operational temperatures and at four strain rates. The purpose of these tests is to understand the mechanisms of shear strengthening of the bulk track material as the wax is heated through the first crystalline solid to liquid nominal transition temperature. Previous work using differential scanning calorimetry confirmed that under common operational surface temperatures, the wax coatings undergo distinct thermal transitions. The resulting increase in triaxial shear strength values affects the consistency of the racetrack which, in turn, can potentially affect Thoroughbred racing performance and safety of the track surface.