TORONTO, Ont. -- The cost of ground transportation for Canadian shippers decreased 0.29% in May when compared with April results, according to the latest results from the Canadian General Freight Index (CGFI).
The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, decreased by 0.3% when compared to April.
Average fuel surcharges assessed by carriers have seen a decrease from 22.4% of base rates in April to 22.1% in May.
“We are experiencing a marginal decrease in base rates and a slight increase in accessorials, while fuel remained relatively flat,” said Doug Payne, president and COO of Nulogx, which facilitates the CGFI. “It appears that marginal base rate gains in the domestic LTL and truckload markets were offset by marginal decreases in the cross-border LTL and truckload markets.”
For more information, visit www.cgfi.ca.