Freight Costs and Fuel Dip After Months on the Rise
TORONTO – The cost of shipping goods on the back of trains and trucks slipped by 0.4 percent in April, after having risen for several months in a row.
Ground transportation costs had been steadily going up each month since July 2013, according to data from the Canadian General Freight Index (CGFI).
“[In April] cross border Truckload increased marginally [but was] offset by decreases in Domestic Truckload, Domestic LTL and Cross Border LTL,” said Doug Payne, president of Nulogx, which produces the index. “Total costs of freight are 3.7 percent above last year at this time,” Payne added.
The base rate index, which excludes the impact of accessorial charges, decreased by 0.3 percent when compared to March 2014.
Average fuel surcharges dipped in April, too. Fuel was 21.45 percent of base rates in April versus 22.57 percent in March.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.