TORONTO, Ont. — The Canadian General Freight Index (CGFI) compiled by Nulogx indicates the total cost of ground transportation for Canadian shippers declined again in September.
Costs shrunk 0.83% in September compared to August, Nulogx reports. The base rate decreased by 0.84% and average fuel surcharges decreased. Fuel comprised 20.75% of the base rate in September versus 21.48% in August.
“Freight rates continue to decrease in all sectors, other than the slight increases seen in cross-border truckload,” said Doug Payne, president and COO, Nulogx. “Overall, total freight costs are 0.75% above year earlier, domestic LTL and cross-border truckload are above, while domestic truckload and cross-border LTL are below year over year.” For more info on the index, see www.cgfi.ca.
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