Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.6 % in January when compared with December results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1 % when compared to December 2013.
Average Fuel Surcharges assessed by Carriers remained flat this month. Fuel was 20.86 % of Base Rates in January versus 20.84 % in December.
“Total Freights costs continued to rise into 2014 for the 6th consecutive month. Since August of 2013 Total Costs have been on a slow steady climb.” said Doug Payne, President & COO, Nulogx. “With January’s increase Total Transportation Costs are now 2.1 % above a year ago and inching toward the peak as seen in March of 2013.” continued Payne.
For the latest results of the CGFI please visit here: www.nulogx.com/cgfi/results/.
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