Freight Costs Continue To Decline in January, CGFI drops a Further 0.4% in January, Fuel Surcharges continue to rise

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers dropped for the fourth consecutive month in December, while Fuel Surcharges assessed by carriers rose to the highest level in over 2 years.
The CGFI Total Freight Cost Index decreased by .4% in January compared to December, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased 1.5%.  The CGFI is still 2.5% above the April low point and 1.8% above last year’s result for the same period.
Notably, average Fuel Surcharges increased substantially for the fourth consecutive month from their September low of 13.0% to 16.3% in December.
“The increase in fuel surcharges is continuing to offset the decreases in base rates being charged by carriers”, commented Doug Payne, President & COO Nulogx.  “As fuel prices continue to increase we envision escalating transportation costs in the coming months for Canadian shippers” continued 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.
Top level information is available free of charge to those who sign up for our monthly newsletter.
To sign up now – click here.
To view the results before you sign up, click here.
More detailed information is also available to all Nulogx customers.