Cost of ground transportation for Canadian shippers drops in July: CGFI
TORONTO, Ont. — The cost of ground transportation for Canadian shippers decreased by 0.5% in July when compared with June results, according to results published today 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% when compared to June.
Average fuel surcharges assessed by carriers have seen a decrease from 20.18% of base rates in June to 18.8% in July.
“The total cost decrease was driven by lower fuel costs while base rates actually increased,” said Doug Payne, president and COO of Nulogx, which facilitates the CGFI. “However, base freight costs are down 3% from a year ago.”
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