TORONTO, ON— In September, Canadian shippers paid carriers 1.1 percent more for ground transportation than they did in August, according to the latest Canadian General Freight Index (CGFI).
“This is the first base cost increase since March 2013,” said Doug Payne, president of Nulogx. “Total costs and base freight costs are still two percent and 2.3 percent respectively, below last year.”
The base rate— which excludes accessorial charges such as fuel surcharge— was up 1.7 percent since August.
Fuel surcharges accounted for 20.63 percent of September’s base rates, up from 20.12 percent in August.
A shipper paying more means more revenue for carriers, but of course everyone knows that doesn’t automatically translate to more profits for the carriers, there are just too many other factors to consider.
The CGFI, which is sponsored by Nulogx, highlights the changes in prices paid for freight transportation by Canadian shippers and represents general truck transportation, but excludes bulk, liquid and other specialty services.
Nulogx helps shippers and carriers secure competitive agreements, evaluate performance and develop business plans.
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