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				Canadian Freight Index Sees Rate Drop, First Time Since 2011
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						May 30, 2012 09:57 PM
					
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					Last Updated: Jun 1, 2012 02:38 PM
				
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				<p>TORONTO &mdash; The cost of ground transportation for Canadian shippers dropped 1.7 percent in March from February, according to the Canadian General Freight Index (CGFI).</p>
<p>While it is the first decline since February 2011, costs are still up 8.1 percent year-over-year.</p>
<p>&ldquo;The results in this month&rsquo;s index were driven by a downward trend in the Domestic Truckload &amp; Transborder LTL, while Domestic LTL saw a marginal increase, &rdquo; explained Doug Payne, president and COO, Nulogx.</p>
<p>The Base Rate Index &mdash; which excludes accessorial charges &mdash; decreased by 1.77 percent when compared to February 2012.</p>
<p>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.</p>
			
				
				
			
				
				
			
			
			
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