Ground transport rates rise in May: CGFI
TORONTO, Ont. — Ground transportation rates rose in May, due to increases in both base rates and fuel surcharges.
The most recent Canadian General Freight Index (CGFI) indicated total freight costs rose 0.8% in May compared to April, marking its third consecutive monthly increase. Base rates rose 0.4% over that period while furl surcharges increased from 19.9% to 20.3%.
The index indicated it was the eighth straight month of fuel surcharge increases, reaching their highest point since November 2008.
“In May we saw the second successive month of increases in Base Rates,” said Doug Payne, president and COO, Nulogx. “When added to the increase in fuel surcharges, this has a notable effect on ground transportation costs for Canadian shippers.”
For more info, see www.cgfi.ca.
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