Executive Briefings

Freight Costs Drop Another 1 Percent in Canada

The total cost of ground transportation for Canadian shippers dropped by 0.97 percent in August when compared with July results, according to results published by the Canadian General Freight Index.

Freight Costs Drop Another 1 Percent in Canada

The base rate index, which excludes the impact of accessorial charges assessed by carriers, decreased by 0.91 percent when compared to July 2014. Average fuel surcharges assessed by carriers decreased this month. Fuel was 21.48 percent of base rates in August versus 21.59 percent in July.

"Cross-border truckload was the only sector that saw an increase," said Doug Payne, president and chief operating officer of Nulogx, a provider of transportation management solutions and the sponsor of the CGFI. "Overall, rates started to increase in August 2013, and continued to rise until March of this year. Since that time, there has been a steady decrease."

Source: Nulogx

The base rate index, which excludes the impact of accessorial charges assessed by carriers, decreased by 0.91 percent when compared to July 2014. Average fuel surcharges assessed by carriers decreased this month. Fuel was 21.48 percent of base rates in August versus 21.59 percent in July.

"Cross-border truckload was the only sector that saw an increase," said Doug Payne, president and chief operating officer of Nulogx, a provider of transportation management solutions and the sponsor of the CGFI. "Overall, rates started to increase in August 2013, and continued to rise until March of this year. Since that time, there has been a steady decrease."

Source: Nulogx

Freight Costs Drop Another 1 Percent in Canada