Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.49% in November, as compared with October.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.9% in November. Average Fuel Surcharges assessed by Carriers continue to increase. Fuel was 21.81% of Base Rates in November versus 19.54% in October. Fuel has risen each month since October 2020 when fuel surcharge was 10.91%.
“Total Freight Costs increased by 0.49% driven by increased fuel and Cross Border LTL. All segments increased this month except for Cross Border Truckload which had a slight decrease. Base Freight costs decreased by 0.9%. Overall, year over year Total Freight Costs (Domestic LTL and Domestic Truckload, Cross Border LTL & Cross Border Truckload) are above last years level,” said Doug Payne, President & COO, Nulogx.
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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