Results published recently by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased in April.
“The results show a definite increase in truckload rates -which is consistent with what we are seeing in the industry,” says Dr. Alan Saipe, president of Supply Chain Surveys. “Less than truckload appears to be staying flat.”
Overall freight costs increased by 3.9% in April when compared to March. Base rates, which exclude the impact of fuel surcharges assessed by carriers, also increased by 3.9% with average fuel surcharges also decreasing by 1.4% from the prior month.
“While we are seeing a clear increase in demand for truckload capacity, it is still too early to know for sure if the price increases seen in April is the start of an upward trend,” says Doug Payne, president of Nulogx.
The CGFI is sponsored by Nulogx, a transportation management solutions provider, and is used by shippers and carriers to benchmark performance, develop business plans, and secure competitive agreements. It was developed with the assistance of Dr. Saipe. For more information, visit www.cgfi.ca
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