TORONTO, Ont. — The Canadian General Freight Index (CGFI) from Nulogix indicated freight costs dropped 0.97% in August.
The base rate decreased 0.91% compared to July and average fuel surcharges also decreased. Fuel was 21.48% of the base rate in August, down from 21.59% in July, Nulogx reports.
“Cross-border truckload was the only sector that saw an increase,” said Doug Payne, president and COO, Nulogx. “Overall, rates started to increase in August 2013, and continued to rise until March of this year. Since that time, there has been a steady decrease.”
For more info, visit www.cgfi.ca.
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