Base freight costs go up while fuel decreases
TORONTO, Ont. – The total cost of ground transportation for Canadian shippers has increased slightly by 0.1% in August when compared to July results, according to results published today by the Canadian General Freight Index.
In addition, the base rate index increased by 0.7% from July to August, while average fuel surcharges assessed by carriers decreased this month. Fuel was 14.39% of base rates in August versus 14.88% in July.
“Although fuel costs are dropping, we saw an increase in the base rates,” said Doug Payne, president and COO, Nulogx. “Total domestic and cross-border truckload had small increases off-set by decreases in Total Domestic and Cross Border LTL,” continued Payne.
For full details on the CGFI please visit: www.cgfi.ca
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