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August 03, 2017
Canadian shippers' surface transportation costs increased slightly in May
Results published by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.3% in May, as compared with April results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.3% in May also.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 13.83% of Base Rates in May versus 13.95% in April.
"Total Freight Costs are 1.7% higher than a year ago," said Doug Payne, President of CGFI sponsor Nulogx. "In May, Cross Border LTL lead the increase and Domestic Truckload Costs increased marginally while Domestic LTL and Transborder Truckload saw a marginal decrease," continued Payne.
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