Total Costs Continue to Increase (March 2016)

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.5% in March, as compared with February results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 2.0% from February.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 10.32% of Base Rates in March versus 10.54% in February.
“Overall, Total Freight Costs increased, due to the Domestic Truckload Segment. Domestic Truckload showed a strong increase while the other sectors saw decreases,” said Doug Payne, President  & COO, Nulogx. “Year over Year, all segments (Domestic Truckload & LTL and Cross Border Truckload & LTL) have shown lower costs.  Fuel is down in all segments, as well as base costs (other than a marginal increase in Domestic Truckload),” continued Payne.
For the latest results of the CGFI, please visit here: www.nulogx.com/cgfi/results/