TORONTO, Ont. — The Total Cost of ground transportation for Canadian shippers dropped 2.7% in October when compared with September results, according to results published today by the Canadian General Freight Index (CGFI).
The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, decreased 2.1% in the same time frame.
Average Fuel Surcharges assessed by carriers decreased again this month. Fuel was 12.96% of Base Rates in October versus 13.28%in September.
“Similar to last month, both Base and Fuel costs dropped,” said Doug Payne, president and COO, Nulogx. “Total Domestic LTL increased while Total Domestic and Cross Border Truckload and Cross border LTL decreased. Although Domestic LTL has increased the past 2 months, year over year is still in negative territory, while Domestic Truckload and Cross Border LTL & TL show increases year over.”
For full details on the CGFI please visit: www.cgfi.ca