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FREIGHT PRICES * Canada - For-hire truck prices began upward climb 3Q
Ottawa,ONT,CAN -Truck News -19 March 2010: -- Stats Canada's For-hire Motor Carrier Freight Services Price Index shows prices increased 0.9 percent in the third quarter, compared with the second quarter of 2009... The specialized freight trucking component rose 1.1 percent, while the general freight trucking component advanced 0.8 percent, confirming that most carriers' rates hit rock bottom last summer and fall and began making the slow climb upward late in the year... On a year-over-year basis, the index declined 10.4 percent in the third quarter compared with 2008... The monthly index measures changes over time in prices for the for-hire motor carrier freight services. The data is used to estimate a price index in trucking and monitor inflation in the transport services sector... The index reached a peak in July 2008 and fell to its lowest point in May 2009. Fluctuations in fuel prices were the main contributors to these movements, says Statscan...Labels: freight rates, trucking prices
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