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Oct 30, 2010

FREIGHT COSTS * Canada - Shippers See Broader Cost Increase

Freight cost index shows higher rates spreading beyond truckload sector

Toronto,ONT,Canada -The Journal of Commerce Online, by William B. Cassidy -Oct 27, 2010: -- Canadian shippers are paying higher truckload rates and cross-border and less-than-truckload prices are rising as well, the Canadian General Freight Index says... The latest update to the CGFI shows a 1.5 percent increase in overall freight costs for shippers in August from the previous month, and a 1.7 percent rise in base rates... It was the fourth consecutive monthly increase in the CGFI since it reached a low point in April 2010, according to Nulogx, which sponsors the index... Ground transportation costs in Canada were up 4.5 percent from a year ago in their second consecutive monthly year-over-year increase, the index said... The CGFI tracks changes in transportation prices paid by Canadian shippers, excluding bulk, liquid and other specialty transportation services... Nulogx is a Canadian freight payment and transportation management firm that handles more than $750 million in annual transactions...

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