Total Costs Inch Higher (August 2016)

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.5% in August, as compared with July results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.4% in August.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 11.94% of Base Rates in August versus 12.44% in July.
“Total Freight Costs inched higher with all segments in the positive territory in August,” said Doug Payne, President & COO, Nulogx. ”Total Costs are still below last August by 7.4%, however. Year over Year, Domestic Costs are above last year’s level, while the Cross Border Costs are well below those of last year,” continued Payne.
For the latest results of the CGFI, please visit here: www.nulogx.com/cgfi/results/