TORONTO, Ont. –The latest Canadian General Freight Index data continues to suggest that ground transportation rates have stabilized.
February’s results show a 1.6% increase in ground transportation rates for Canadian shippers, offsetting a similar decline in January, according to Nulogx, the company that created and maintains the index. Base rates, excluding fuel surcharges, increased 2.1% in February, the index indicates.
“February’s results are essentially at the same level as the last quarter of 2009 with less than a 0.5% overall variance,” says Dr. Alan Saipe, president of Supply Chain Surveys.
“These results confirm our opinion that rates are stabilizing within the marketplace as both shippers and carriers adjust to the current economic situation,” adds Doug Payne, president of Nulogx. “We expect that cost reductions resulting from market factors will become more elusive for shippers in the coming months.”
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