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Canadian Freight Index Sees Rate Drop, First Time Since 2011

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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Filed Under: Canadian General Freight Index March 2012.
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