Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers dropped by 3.4 % in July when compared with June results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 3.2% when compared to June 2014.
Average Fuel Surcharges assessed by Carriers remained unchanged this month. Fuel was 21.59 % of Base Rates in July versus 21.57 % in June.
“The decline in July was felt in all categories, however Domestic Truckload, Domestic LTL and Cross Border LTL saw the largest declines.” said Doug Payne, President & COO, Nulogx. “Despite the decrease this month ,the total cost of freight remains 3.5 % above last year at this time”, continued Payne.
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