CGFI October 12Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased by 0.45 % in October when compared with September results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by .01% when compared to September 2012.
Average Fuel Surcharges assessed by Carriers have seen an increase from 20.48% of Base Rates in September 2012 to 21.27% in October 2012. This is the 4th consecutive month of Fuel Surcharges Increasing.
“Total Costs for Domestic LTL & Truckload increased this month. Domestic LTL has seen an increase of 13.9% from a year ago while the Domestic Truckload is still 6.5% below a year ago.” said Doug Payne,  President  & COO, Nulogx. “Cross Border LTL and Truckload were both down in October from September however compared to a year ago LTL and Truckload are up 2.2% & 4.7% respectively.” 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. The most recent public results are available here.