ground transportation Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers decreased 1.7% in March when compared with February results. This is the first decrease the index has seen since February 2011 however, costs are still up 8.1% year-over-year.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 1.77% when compared to February 2012.
Average Fuel Surcharges assessed by Carriers have seen an increase from 20.42% of Base Rates in February 2012 to 21.9 % in March 2012.
“The results in this month’s index were driven by a downward trend in the Domestic Truckload & Transborder LTL, while Domestic LTL saw a marginal increase. ” said Doug Payne, President & COO, Nulogx.
See the results here.