Domestic truckload rates drive Canadian transport costs higher: CGFI
TORONTO, Ont. — The total cost of ground transportation for Canadian shippers rose 1% month-over-month in January, according to the latest Canadian General Freight Index (CGFI).
The base rate, excluding accessorial charges assessed by carriers, was up 1.1% compared to December.
Fuel surcharges decreased to 12.09% of the base rate, on average, versus 13.03% in December.
“Overall, total freight costs increased the first time since August of 2015,” said Doug Payne, president and COO, Nulogx. “The increase was driven by domestic truckload. Year-over-year, domestic LTL and truckload remain in negative territory, while cross-border truckload and LTL are positive.”
For more on the index, visit www.cgfi.ca.
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