cgfi risingResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased .8% in February when compared with January results. After the 12th consecutive monthly increase, the CGFI is now 10% above the March 2011 result.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers increased slightly in January, and is now .5% over the January result. Since March 2011, base rates reported by the CGFI have risen 4.4%.
Average Fuel Surcharges assessed by Carriers have increased from 18.79% of Base Rates in March 2011 to 20.42 % in February 2012.
“The CGFI has now hit a 10% increase milestone year over year” said Doug Payne, President & COO, Nulogx. “Yearly base rate increases appear to be sticking, while remaining increases are being spread across fuel and accessorial charges. ” continued Payne.
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