TORONTO, Ont. — Ground transportation rates continue to decline, according to the Canadian General Freight Index.
The index said rates went down 2.6% in June, compared to May results.
The base rate index – excluding accessorial charges – went down 1.6% compared to May, the index reported.
Meanwhile, average fuel surcharges assessed by carriers went down from 20.26% in May to 19.26% of the base rate.
“Cross Border Truckload was the main driver of the freight cost decline,” said Doug Payne, president and COO, Nulogx. “Fuel as a percentage of freight costs have dropped to the same level as a year ago.”
For more info, visit www.cgfi.ca.
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