(William Cassidy – Journal of Commerce)
Canadian trucking costs continue to climb, driven in part by rising cross-border trucking rates, according to the latest data from freight payment auditing firm Nulogx. The Toronto-based company’s Canadian General Freight Index rose 2.6% in March from February, while its Base Rates Index, which excludes accessorial charges, rose 2.7%.
Cross-border truckload rates have been rising for eight straight months, the company said when releasing its March Canadian General Freight Index Wednesday. Domestic truckload rates in Canada have been rising for six consecutive months, despite an economy hobbled by low oil prices.
The 2.6% increase for the CGFI in March follows a 2.2% uptick in February and 2.8 rise in January. Cross-border rates, which Nulogx reports were up as much as 18.5% year-over-year in February, helped drive those increases. Click here to read more.
Related: LTL Total Freight Costs Stabilize (Truck News)