The cost of over-the-road ground transportation for Canadian shippers decreased in March compared to February.
According to the Canadian General Freight Index (CGFI)—which is prepared by Nulogx based on its database of more than $750M in annual freight transactions—overall freight costs fell by 2.6 percent month-to-month.
After dropping off dramatically following peak prices in the summer of 2008, the overall cost of over-the-road shipments has been more or less settled at lower rates since the fall of 2009.
Base rates, which exclude the impact of fuel surcharges assessed by carriers, decreased by 1.9 percent.
Base rates hit a peak in the spring of 2009 and have been declining steadily since.
The most substantial drop was in the cost of average fuel surcharges, which dropped 4.5 percent.
Fuel surcharges had been trending upward somewhat since early 2009, but had levelled off somewhat since the fall of 2009.