Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 2.2 % in February when compared with January results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, Increased by 2.6 % when compared to January.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 16.02 % of Base Rates in February versus 17.22 % in January.
“Total Freight costs continue to rise driven by Truckload activity in February, despite decreasing fuel costs.” said Doug Payne, President &COO, Nulogx. “Once again Cross Border and Domestic LTL Total Costs slid in February, but were out-weighed by the Domestic and Cross Border TL increases. Cross Border Truckload base rates are 18.5 % higher than a year ago, while LTL rates – both Domestic and Cross Border – are more than 10% below. Domestic Truckload rates are very near the level of a year ago” continued Payne.
For the latest results of the CGFI please visit here: www.nulogx.com/cgfi/results/