Freight costs for Canadian shippers continue to rise in August

Truck News

TORONTO, Ont. — The cost of ground transportation for Canadian shippers increased .4% in August when compared to July, according to results published by the Canadian General Freight Index (CGFI).

The Base Rate Index, which excludes the impact of fuel surcharges assessed by carriers, has increased for six consecutive months including a .6% increase in August. However, base rates remain 4.8% below the same period a year ago.

Average fuel surcharges assessed by carriers increased from 19.0% of base rates in July to 20.1% in August.

“The trend toward marginal increases in Base Rates we observed last month has continued,” said Doug Payne, president and COO of Nulogx, “although it is interesting to note that they are still significantly below prior year levels.”

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

Have your say

We won't publish or share your data