Freight Costs Continue To Increase For Canadian Shippers Canadian General Freight Index Rises 1.2% In July

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased 1.2% in July 2011 when compared to June.
The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, has increased for 4 consecutive months including a 1.4% increase in July. However, Base Rates remain 3.6% below the same period in July 2010.
Average Fuel Surcharges assessed by carriers declined from 19.3% of Base Rates in June to 19.0% in July.
“It appears there is a trend toward marginal increases in Base Rates,” said Doug Payne, President  & COO, Nulogx. “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” continued Payne.