Total Costs Remain Flat (July 2016)

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by just 0.15% in July, as compared with June results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, was almost flat and increased by 0.06% in July.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 12.44% of Base Rates in July versus 12.19% in June.
“Overall, Total Freight Costs continued to be flat over the past few months. This is a similar pattern to the same period in the previous year, although overall costs are down by 7.7% from last July. Year over Year, Domestic freight costs are above last year’s level, while the Cross Border segments are below last year’s costs,” said Doug Payne, President & COO, Nulogx.
For the latest results of the CGFI, please visit here: www.nulogx.com/cgfi/results/