TORONTO, Ont. — According to the latest figures from the Canadian General Freight Index, ground transportation rates seem to be stabilizing following a 9.6% decline suffered since December, 2008.
Base rates for ground transportation (excluding fuel surcharges) fell 7.8% between December 2008 and December 2009, the index reports, while average fuel surcharges plummeted 13.1% resulting in an overall decrease of 9.6%.
“During the first eight months of 2009 there was significant volatility in freight costs, however it appears that the index has begun to stabilize,” said Dr. Alan Saipe, president, Supply Chain Surveys. “While there are slight pressures in Base Rates, these are being offset by modest increases fuel surcharges.”
Overall freight costs rose 0.2% in December 09 when compared to November, the index indicates. The December stabilization is consistent with results from September 2009 with freight costs having varied only 0.4% since that time.
“This data correlates well with the prevailing opinion that our economy is slowly starting to recover from the recession that started more than 18 months ago,” said Doug Payne, president for Nulogx. “The continuous flat-line performance over the past few months suggests that carriers have adjusted their operations to match changing market demands, and that we will continue to see stable freight prices in the near future.”
Nulogx sponsors the Canadian General Freight Index. For more info, visit www.cgfi.ca.
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