Trucking costs in Canada are steadily rising in early 2012 and are 10 percent higher than in March 2011, according to a monthly index of Canadian shipping costs.
The Canadian General Freight Index rose 0.8 percent in February from January, and was up 10 percent from March 2011, CGFI sponsor Nulogx said Wednesday.
In the U.S., truckload pricing was 7.2 percent higher year-over-year in March, though down from recent months, according to the Cass Truckload Linehaul Index.
The February increase was the 12th straight increase for the CGFI, which his based on truckload and less-than-truckload Canadian and cross-border shipments.
“Yearly base rate increases appear to be sticking,” Doug Payne, president and COO of Nulogx, said in a statement. Surcharges pushed total trucking costs higher.
Excluding accessorial and fuel surcharges, the CGFI’s base rate index in February was up 4.4 percent from March 2011 and 0.5 percent from January.
Average fuel surcharges assessed by Canadian motor carriers increased from 18.79 percent of base rates in March 2011 to 20.42 percent in February 2012.