Canadian General Freight Index continues upward trend in July

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Updated Oct 8, 2010

Results published by the Canadian General Freight Index indicate that the trend of increasing ground transportation rates continued through the July period. Overall freight costs increased by 3 percent in July when compared to June. Base rates, which exclude the impact of fuel surcharges assessed by carriers, increased by 3.2 percent, while average fuel surcharges decreased slightly from 13.42 percent of base rates to 13.13 percent.

“The information provided by the CGFI continues to indicate that we reached a floor in transportation costs for Canadian shippers in April of this year,” says Doug Payne, president of Nulogx, which compiles index data. “Since then, we have seen three consecutive months of increases, led primarily by activity in both the domestic and transborder truckload sectors.”