TORONTO, Ont. — Total Cost of ground transportation for Canadian Shippers increased by 1.5% in March when compared to February according to results published today by the Canadian General Freight Index (CGFI).
The Base Rate Index also increased by 2 % from February while fuel was 10.32% of Base Rates in March versus 10.54%in February.
“Overall, Total Freight Costs increased, due to the Domestic Truckload Segment. Domestic Truckload showed a strong increase while the other sectors saw decreases,” said Doug Payne, president and COO, Nulogx. “Year over Year, all segments (Domestic Truckload & LTL and Cross Border Truckload & LTL) have shown lower costs. Fuel is down in all segments, as well as base costs (other than a marginal increase in Domestic Truckload).”
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