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.
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