Freight Costs for Canadian Shippers Fell 9.6 percent in 2009, But Appear to be Stabilizing

Toronto — February 26, 2010 — Results published today by the Canadian General Freight Index (CGFI) indicate that although the cost of ground transportation for Canadian shippers declined by 9.6 percent since December 2008, freight costs appear to be stabilizing as we move forward into 2010.

From December 2008 to December 2009, base rates, which exclude the impact of fuel surcharges assessed by carriers, fell 7.8 percent, and average fuel surcharges also fell by a total 13.1 percent, resulting in an overall decrease of 9.6 percent.