Results published by the Canadian General Freight Index indicate another increase in the cost of ground transportation for Canadian shippers in August. Overall freight costs increased by 1.5 percent in August compared to July, while base rates that exclude fuel surcharges also increased by 1.7 percent. Average fuel surcharges remain unchanged after decreases in June and July.
This is the fourth consecutive monthly increase since the index reached a low point in April 2010. “Increases in overall freight costs for Canadian shippers continue to be driven by the domestic truckload sector,” says Doug Payne, president of Nulogx. “While truckload is leading the way, we also now see a strengthening of the LTL and transborder rates.”
The CGFI is sponsored by Nulogx, a transportation management solutions provider used by shippers and carriers to benchmark performance, develop business plans and secure competitive agreements.