Total freight costs continue to slide
TORONTO, Ont. – The total cost of ground transportation for Canadian shippers went down by 3.4% in November when compared with October results, according to results published today by the Canadian General Freight Index (CGFI).
As well, the base rate index decreased 3.1% when compared to October, while average fuel surcharges assessed by carriers decreased marginally this month. Fuel was 12.94% of base rates in November compared to 12.96% in October.
“Total freight costs continue to slide. Truckload, both domestic and cross-border had the largest decline. Year-over-year, domestic LTL and truckload is still in negative territory, while cross border truckload and LTL are up year over,” said Doug Payne, president & COO, Nulogx.
For full details on the CGFI please visit: www.cgfi.ca
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