Total freight costs decline
TORONTO, Ont. – The total cost of ground transportation for Canadian shippers decreased 0.6% in July when compared to June, according to results published recently by The Canadian General Freight Index (CGFI).
During the same period, the base rate index increased by 0.4% and the average fuel surcharges assessed by carriers decreased from 15.66% to 14.88%.
“Cross Border LTL and Truckload had small increases this month. Once again, these were mostly offset by decreases in the Domestic Truckload costs, with a slight decrease in the Domestic LTL freight costs,” said Doug Payne, president and COO, Nulogx. “Cross Border Truckload and LTL and Domestic Truckload are above a year ago while the Domestic LTL freight costs are below a year ago.”
For full details on the CGFI please 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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.