Total cost of ground transportation declines
TORONTO, Ont. — The total cost of ground transportation for Canadian shippers decreased by 0.9% in May compared to April according to results published today by the Canadian General Freight Index (CGFI).
As well, the base rate index, which excludes the impact of accessorial charges assessed by carriers, decreased 0.4% in May and average fuel surcharges assessed by carriers increased this month. Fuel was 11.1% of base rates in May versus 10.88% in April.
“Overall, total freight costs continued to decline. Domestic truckload increased marginally and domestic LTL decreased marginally. Cross border truckload showed a decrease while Cross Border LTL showed a strong decrease.” said Doug Payne, president and COO, Nulogx. “Year over year, all segments (Domestic Truckload & LTL and Cross Border Truckload & LTL) are below last year’s costs, with cross border being well below levels a year ago.”
For more information visit: www.cgfi.ca
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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.