TORONTO, Ont. — Nulogx’s latest Canadian General Freight Index has shown a decline in ground transportation rates for the second straight month in November.
Rates dropped 2.8% compared to October but the base rate, excluding fuel surcharges, dropped 3.1%. The index still shows rates are 4.5% above their low point in April and 2.8% above last year’s results for the same period.
Fuel surcharges continue to increase. November’s index showed fuel surcharges averaged 14.4%, up from a September low of 13%.
“We are seeing some interesting changes in transportation costs for Canadian shippers,” said Doug Payne, president and COO of Nulogx. “The cost increases we saw predominantly in the domestic truckload sector definitely cooled in the fall months, while at the same time fuel surcharges have started to increase. Both of these developments create some uncertainty around freight costs in Canada over the next few months.”
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