Posted: October 30, 2014
MISSISSAUGA, ON- The price of shipping goods on trains and trucks continues to rise.
Canadian shippers paid 2.3 percent more for ground transportation in March compared with February, according to the Canadian General Freight Index (CGFI).
“Truckload domestically and cross border continued the increase,” said Doug Payne, president and COO, Nulogx, which produces the index.
The base rate index, which excludes the impact of accessorial charges, increased by 1.9 percent when compared to February 2014.
Average fuel surcharges also increased. Fuel was 22.57 percent of Base Rates in March versus 21.78 percent in February.
“Fuel has now risen above April levels of 2013. The last time fuel was above this month’s 22.57 percent was October of 2008,” Payne said.
Ground transportation costs have been steadily going up each month since July 2013.
The CGFI highlights the changes in prices paid for freight transportation by Canadian shippers and represents general truck transportation, but excludes bulk, liquid and other specialty services.