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Canadian General Freight Index reports slight drop in ground transportation costs

Results published by the Canadian General Freight Index indicate

Results published by the Canadian General Freight Index indicate

that after several months of steady increases, the cost of ground

transportation for Canadian shippers dropped slightly in October.

The CGFI Total Freight Cost Index decreased by 0.8% in

October compared to September, while the Base Rate Index,

which excludes the impact of fuel surcharges assessed by carriers,

decreased 0.92%. The CGFI is still 7.5% above the April low point

and 5.3% above last year’s result for the same period.

Notably, average fuel surcharges increased by 6% to 13.77% of

base rates when compared to September results. Fuel surcharges

increased for the first time in five months, and are beginning to

reflect the higher cost of diesel fuel for trucking companies.

In September, the CGFI Total Freight Cost Index increased

by 0.4% compared to August, while the Base Rate Index also

increased by 0.7%. Average fuel surcharges remained essentially

unchanged at 13% for the month.

“We are just starting to see the impact that higher fuel prices

will have on shippers and trucking companies, and we expect to

monitor this trend through the winter months,” said Doug Payne,

president and chief operating officer of Nulogx. “As for the slight

decline in base rates, this is not unexpected given the consecutive

monthly increases we have seen since last April.”

Truck News

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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