Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.74% in October, as compared with September results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.58% in October.
Average Fuel Surcharges assessed by Carriers decreased marginally this month. Fuel was 10.91% of Base Rates in October versus 11.25% in September.
“Total Freight Costs increased by 0.74% from last month driven by an increase in Cross Border LTL and Domestic LTL. Domestic and Cross Border Truckload also increased marginally. Base Freight costs increased by 0.58%,” said Doug Payne, President & COO, Nulogx. “Year over year, Cross Border LTL remains significantly above last years level, Domestic Truckload is now slightly higher, while the other sectors remain below last year.” continued Payne.
On behalf of the staff at Nulogx, we wish you a very safe and healthy holiday and a Happy New Year
For full details on the CGFI please visit www.cgfi.ca.
The CGFI is sponsored by Nulogx, a leading Transportation Management Solutions provider, and is used by shippers and carriers to benchmark performance, develop business plans, and secure competitive agreements. It was developed with the assistance of Dr. Alan Saipe. The most recent results are available at the CGFI website: www.cgfi.ca.
Nulogx provides technology and services to improve transportation processes and reduce costs. With an ability to offer the combined value of a best-in-class TMS Application, expert Managed Services, and the largest Freight Audit and Payment service in Canada, Nulogx can provide unprecedented value to North American shippers by improving freight planning and management processes, delivering robust business intelligence in actionable management reporting formats, and providing cost effective alternatives to managing transportation tasks.
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