Cost of ground transportation higher in May
TORONTO, ON – Nulogx’s Canadian General Freight Index (CGFI) is reporting the total cost of ground transportation for Canadian shippers has climbed.
Total freight costs 0.3% higher than April 2017, and 1.7% higher in May 2017 over the same time last year. The base rate index, which excludes the impact of accessorial charges assessed by carriers, increased by 0.3% over April’s results, as well.
Doug Payne, president & chief operating officer of Nulogx, said in May cross border LTL lead the increase, and domestic truckload costs increased marginally, while domestic LTL and transborder truckload saw a marginal decrease.
Average fuel Surcharges assessed by carriers also decreased in May by .12% over April.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.