Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.4% in October, as compared with September results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.3% in October.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 12.10% of Base Rates in October versus 11.59% in September.
“Total Freight Costs increased marginally in October. All segments were in the positive territory this month with Cross Border LTL having the largest increase. Year over Year, Domestic Costs remain above last year’s level, and the Cross Border Costs are well below last year’s Costs,” said Doug Payne, President & COO, Nulogx.
On behalf of all of our team at Nulogx, we wish everyone a Safe, Healthy & Happy Holiday.
Thank you for all of your support and we look forward to an exciting 2017.
For the latest results of the CGFI, please visit here: