Shippers’ Ground Transportation Costs Drop Another 1%
TORONTO – Ground transportation costs for shippers dropped another 0.97 percent in August when compared to July, according to the Canadian General Freight Index.
“Cross border truckload was the only sector that saw an increase,” said Doug Payne, president of Nulogx. “Overall, rates started to increase in August 2013, and continued to rise until March of this year. Since that time, there has been a steady decrease.”
Ground transportation costs have been slipping for the past few months, having slipped 0.4 percent in April, dropped 1.2 percent in May, dropped again by 1.8 percent in June and dropped 3.4 percent in July.
In August, the base rate index decreased by 0.91 percent when compared to July 2014.
Average fuel surcharges also decreased in August. Fuel was 21.48 percent of base rates in August versus 21.59 percent in July.
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