Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.14 % in December when compared with November results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased marginally by 0.34 % when compared to November 2012.
Average Fuel Surcharges assessed by Carriers have seen a decrease from 20.56 % of Base Rates in November 2012 to 19.66 % in December 2012.
“Even with a slight uptick in December, Total Freight Costs for 2012 finished 2.95% below December of 2011.” said Doug Payne, President & COO, Nulogx. “Looking at 2012, January and February saw increases in Total Freight Costs however those gains and more were lost in March to June and for the balance of the year we saw Total Freight Costs remain relatively flat with a slight uptick in December.” continued Payne.
The most recent public results are available here.
The 2.95% decrease compared to 2011 is quite impressive. Thanks for sharing the link, some interesting graphs there that paint quite a picture of changes within the industry. Would increased freight costs in December and January be due to increased fuel charges?
In December fuel actually decreased from the previous month. At the end of this month we will be releasing January numbers. Based on December numbers we have historically see an increase in freight costs in the last Quarter due to seasonality and larger shipment sizes.