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Freight rates declined in May: Nulogx

TORONTO, Ont. -- Shipping costs declined 2.7% in May compared to April, according to the latest Canadian General Freight Index.


TORONTO, Ont. — Shipping costs declined 2.7% in May compared to April, according to the latest Canadian General Freight Index.

The base rate was down 2.5% compared to March, declining to November levels, Nulogx reports.

Average fuel surcharges declined from 21.34% of the base rate in April to 20.26% in May.

“The increases from November to March have all been erased,” said Doug Payne, president and COO, Nulogx. “Total costs are now 1.2% below a year ago.”

For more info, visit www.cgfi.ca.


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