TORONTO, Ont. — Freight costs in Canada continued to rise in November, up 1% compared to October results.
The Canadian General Freight Index (CGFI) indicated the base rate went up 1.6% compared to October. Average fuel surcharges assessed by carriers decreased, accounting for 17.95% of the base rate in November, versus 19.35% in October.
“Overall, total freight costs continue to rise while fuel decreases,” said Doug Payne, president and COO, Nulogx. “Total and base freight costs increased in all sectors with the exception of domestic LTL. Year-over-year, cross-border truckload costs have increased while total costs in the other sectors have decreased.”
For more details visit www.cgfi.ca.
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