Tuesday, September 14, 2010

Ground Transportation Costs Increase in First Half of 2010: Report

(Canadian Transportation & Logistics)

Results published by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian shippers increased slightly during the first six months of 2010.

Overall freight costs increased by 1.8% from December to June. Base rates, which exclude the impact of fuel surcharges assessed by carriers, also increased by 2.2%. Average fuel surcharges decreased marginally from 14.7% of base rates to 13.4%, which buffered the effect of the increasing base rates.

In addition, overall freight costs for June trended upward, increasing 1.9% when compared to May and 3.2% compared to April. Read more here.