TORONTO, Ont. — Canadian ground transportation costs rose 2.4% in January over the previous month.
The latest Canadian General Freight Index (CGFI) reported the base rate rose 2.8% compared to December 2014.
Fuel accounted for 17.22% of the base rate in January, versus 18.56% in December.
“Total freight costs continue to rise driven by truckload activity in January despite decreasing fuel costs,” said Doug Payne, president and COO, Nulogx. “Once again cross-border and domestic LTL total costs slid in January, but were outweighed by the cross-border and domestic TL increases. Of particular note, we have seen a steady increase in accessorial charges, as a percentage of total freight spend, since May 2014.”
For more, visit www.cgfi.ca.
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