Results published today by the Canadian General Freight Index (CGFI) indicate another increase in the cost of ground transportation for Canadian Shippers in August.
Overall Freight Costs increased by 1.5% in August compared to July, while Base Rates which exclude the impact of Fuel Surcharges assessed by carriers also increased by 1.7%. Average Fuel Surcharges remain unchanged after decreases in June and July. This is the fourth consecutive monthly increase since the index reached a low point in April 2010.
“Increases in overall freight costs for Canadian shippers continue to be driven by the Domestic Truckload sector,” comments Doug Payne, President Nulogx. “While Truckload is leading the way, we also now see a strengthening of the LTL and Transborder rates,” adds Payne.
The CGFI is sponsored by Nulogx, a leading Transportation Management Solutions provider, and is used by shippers and carriers to benchmark performance, develop business plans, and secure competitive agreements. It was developed with the assistance of Dr. Alan Saipe. The most recent results are available at the CGFI website: www.cgfi.ca.
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