Canadian Shippers See Freight Costs Rise Again
TORONTO – Freight costs continue to rise for Canadian shippers, according to results published today by the Canadian General Freight Index (CGFI).
Ground transportation increased 0.8 percent in January over December. This marks the 11 consecutive monthly increase, bringing the CGFI to 9.5 percent above February 2011’s numbers.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, also increased slightly in January – 0.3 percent over December. Base Rates have risen 3.8 percent since February 2011.
“Rising Accessorial Charges continue to be the primary driver of increasing freight costs for Canadian shippers” said Doug Payne, president and COO, Nulogx.
“While these typically decline in the spring, we will continue to monitor this to determine if they are seasonal increases, or part of a general pricing trend by carriers” Payne said.
Click here for more details. cgfi.ca
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