Results published by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian shippers increased 1.2 percent in July 2011 when compared to June.
The Base Rate Index, which excludes the impact of fuel surcharges assessed by carriers, has increased for four consecutive months, including a 1.4-percent increase in July. However, base rates remain 3.6 percent below the same period in July 2010.
Average fuel surcharges assessed by carriers declined from 19.3 percent of base rates in June to 19.0 percent in July.
"It appears there is a trend toward marginal increases in base rates," said Doug Payne, president and COO of Nulogx, a provider of transportation management solutions, and the sponsor of the CGFI. "If carriers continue to manage their capacity and price rationally we may see this trend continue. However, that could be offset if there is a slowing economy."
Click here for full details on the CGFI.
Timely, incisive articles delivered directly to your inbox.