OTTAWA, Ont. –The cost of ground transportation for Canadian shippers continued to increase in May, according to reports published recently by the Canadian General Freight Index.
Overall freight costs increased by 3% in May when compared to April. Base rates, which exclude the impact of fuel surcharges assessed by carriers, also increased by 2.7% with average fuel surcharges increasing by 2.9% from the prior month.
“Akin to April’s results, we are seeing increases in the truckload sector which is likely more sensitive to changes in capacity demand,” said Dr. Alan Saipe, president of Supply Chain Surveys. “This could be an indication of what may come in the future for LTL rates.”
“With the continuous volatility in the rates, those in the transportation industry will need to be careful when planning ahead for 2011 and must consider a multitude of factors before doing so,” adds Doug Payne, president of Nulogx.
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