Canadian Freight Index Sees Rate Drop, First Time Since 2011
TORONTO — While March marked first drop in over a year, costs are still up.
TORONTO — The cost of ground transportation for Canadian shippers dropped 1.7 percent in March from February, according to the Canadian General Freight Index (CGFI).
While it is the first decline since February 2011, costs are still up 8.1 percent year-over-year.
“The results in this month’s index were driven by a downward trend in the Domestic Truckload & Transborder LTL, while Domestic LTL saw a marginal increase, ” explained Doug Payne, president and COO, Nulogx.
The Base Rate Index — which excludes accessorial charges — decreased by 1.77 percent when compared to February 2012.
And Average Fuel Surcharges assessed by carriers have seen an increase from 20.42 percent of Base Rates in February 2012 to 21.9 percent in March 2012.
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TORONTO — While March marked first drop in over a year, costs are still up.
While it is the first decline since February 2011, costs are still up 8.1 percent year-over-year.
“The results in this month’s index were driven by a downward trend in the Domestic Truckload & Transborder LTL, while Domestic LTL saw a marginal increase, ” explained Doug Payne, president and COO, Nulogx.
The Base Rate Index — which excludes accessorial charges — decreased by 1.77 percent when compared to February 2012.
And Average Fuel Surcharges assessed by carriers have seen an increase from 20.42 percent of Base Rates in February 2012 to 21.9 percent in March 2012.
Please feel free to comment to any of the posts on this blog. The intent is to start discussions on the subject content. If you have articles for post or comments about the blog in general please contact: Thank you Preferred Logistics----------- www.preferredlogistics.biz
