FORT ERIE, Ont. — The Freight Carriers Association (FCA) of Canada is calling on members to hike their freight rates by 5.5 per cent to help offset rising costs.
The association, which represents more than 90 general freight carriers, cites increasing e-commerce, labor, equipment and insurance costs as the driving force behind the recommendation.
Under the proposal, freight haulers are being asked to up their rates on Aug, 6.
The proposal doesn’t take into consideration rising fuel costs, which the association says should be made up for through fuel surcharges that fluctuate to reflect changing fuel prices.
The FCA says that some carriers may have to increase their rates by more than 5.5 per cent to recoup the escalating costs of doing business and the decreasing amount of general freight on the highways.