Cost of ground transportation decreasing
TORONTO, Ont. – The total cost of ground transportation for Canadian shippers decreased 1.54% in November, compared to the Canadian General Freight Index.
Base rates were down 1.4% and average fuel surcharges decreased, accounting for 17.67% of the base rate in November.
“Total freight costs decreased by 1.5% in November – the second straight month with a decrease,” said Doug Payne, president and COO, Nulogx. “Of note, is the trending increase of accessorial charges over the past four months. Year-over-year, all segments remain well above last year’s levels. However, this month’s decrease in the overall CGFI was driven by a drop in domestic truckload.”
For more, visit www.cgfi.ca.
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You are right from November of 2018 spot rates fave down to the point that no longer supports buying new tractors like and training new truck drivers. Many trucking companies in January of 2019 are falling behind in paying their bills with the higher cost of insurance and reduced income per truck after increased truck drivers wages that are almost 70 cents CD per mile plus detention pay.
I am not really sure why you word your articles based on this data like you do. It is very misleading. You are saying the cost of graound transportation is decreasing, indicating that is current today, when the data you are quoting is 3 months old. Really, all you can truthfully say is that the cost of ground transportation decreased in November 2018.