Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.32% in November, as compared with October results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.14% in November.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 11.12% of Base Rates in November versus 10.91% in October.
“Total Freight Costs increased by 0.32% from last month driven by an increase in Domestic LTL, Domestic Truckload and Cross Border LTL. Domestic Truckload declined. Base Freight costs decreased by 0.14%,” said Doug Payne, President & COO, Nulogx. “Of particular note, Accessorials Increased by 1.47%. Year over year, Cross Border LTL remains significantly above last years level, Domestic Truckload is slightly above, while Domestic LTL and Cross Border Truckload are below a year ago,” continued Payne.
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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