Freight costs and fuel increases marginal to start 2013

Truck News

TORONTO, Ont. — Results published today by the Canadian General Freight Index (CGFI) today  indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0 .575 % in January when compared with December results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased marginally by 0.38 % when compared to December 2012.

Average Fuel Surcharges assessed by Carriers have seen an increase from 19.66 % of Base Rates in December 2012 to 20.36 % in January 2013.

“Cross border Truckload saw an increase while the other segments (Domestic LTL,TL & Cross Border LTL) had decreases.” said Doug Payne, President & COO, Nulogx. “Of particular note, Total Costs are still trailing behind a year ago levels.”

The CGFI tracks changes in freight costs for Canadian Shippers. The index is published monthly and the results are based on a statistically valid sample of transactions taken from the Nulogx database of more than $750M in annual freight transactions.

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

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