Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.75 % in February when compared with January results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.1 % when compared to January 2014.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 21.78 % of Base Rates in February versus 20.86 % in January.
“Since August of 2013 Total Freight Costs have risen for the 7th straight month. Fuel is also on the rise.” said Doug Payne, President & COO, Nulogx. “Fuel has now risen to the March/April levels of 2013.” continued Payne.
For the latest results of the CGFI please visit here: www.nulogx.com/cgfi/results/.
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