Canadian trucking rates firming up, CGFI shows

Results from the Canadian General Freight Index (CGFI), published by Nulogx, indicate another increase in the cost of ground transportation for Canadian shippers in August.

Overall freight costs increased by 1.5% in August compared to July, while base rates, which exclude the impact of fuel surcharges assessed by carriers, also increased by 1.7%. Average fuel surcharges remain unchanged after decreases in June and July. August marked the fourth consecutive monthly increase since the index reached a low point in April.

“Increases in overall freight costs for Canadian shippers continue to be driven by the domestic truckload sector,” said Doug Payne, president of Nulogx. “While truckload is leading the way, we also now see a strengthening of the LTL and transborder rates.”

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

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