Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 2.7% in October when compared with September results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased 2.1% when compared to September.
Average Fuel Surcharges assessed by Carriers decreased again this month. Fuel was 12.96% of Base Rates in October versus 13.28% in September.
“Similar to last month, both Base and Fuel costs dropped,” said Doug Payne, President & COO, Nulogx. ”Total Domestic LTL increased while Total Domestic and Cross Border Truckload and Cross border LTL decreased. Although Domestic LTL has increased the past 2 months, year over year is still in negative territory, while Domestic Truckload and Cross Border LTL & TL show increases year over,” continued Payne.
On behalf of everyone at Nulogx we wish everyone a Safe and Happy Holiday and a Prosperous New Year.
For the latest results of the CGFI please visit here: www.nulogx.com/cgfi/results/