Index shows Canadian shippers’ cost stayed stable in June

Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by less than 0.1% in June, as compared with May results.

The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, decreased 0.1% in May. Average fuel surcharges assessed by carriers increased this month. Fuel was 12.19% of base rates in June versus 11.10% in May.

“Overall, Total Freight Costs were flat,” said Doug Payne, President of CGFI sponsor Nulogx. “Domestic LTL & Truckload increased marginally. Cross Border Truckload showed a slight decrease offset by Cross Border LTL showed slight increase – the first increase seen in 2016. Year over Year, Domestic Truckload is back to last year’s level while all other segments are below last year’s costs, with Cross Border LTL & TL being well below a year ago levels,” continued Payne.

Source: CGFI

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