Cost of Ground Transportation Dropped in July
TORONTO — The cost of ground transportation for Canadian shippers dropped by 0.5 percent in July from June, according to results published yesterday by the Canadian General Freight Index (CGFI).
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.9 percent when compared to June 2012.
Average Fuel Surcharges assessed by Carriers have seen a decrease from 20.18 percent of Base Rates in June 2012 to 18.8 percent in July 2012.
“The total cost decrease was driven by lower fuel costs while base rates actually increased.” said Doug Payne, President & COO, Nulogx. “However, base freight costs are down 3 percent from a year ago” continued Payne.
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