Cost of ground transportation for Canadian shippers increases in August.Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased by 0.8 % in August when compared with July results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.5% when compared to July 2012.
Average Fuel Surcharges assessed by Carriers have seen an increase from 18.78 % of Base Rates in July 2012 to 19.63% in August 2012.
“This increase was seen in all segments of LTL & TL for Domestic and Cross border freight.” said Doug Payne, President & COO, Nulogx. “However, base freight costs are now within 2% of August 2011.” continued Payne.
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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.