Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.2% in June, as compared with May results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, actually increased by 0.4% in June.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 13.0% of Base Rates in June versus 13.83% in May. This resulted in overall decrease in the CGFI index.
“Total Freight Costs are 1.4% higher than a year ago. In June, Cross Border LTL and Domestic Truckload Costs increased while Domestic LTL and Cross Border Truckload saw a decrease,” said Doug Payne, President & COO, Nulogx.
For the latest results of the CGFI, please visit here: