September’s Canadian Freight Index Stays Steady
TORONTO — The Canadian General Freight Index (CGFI) reported today that the cost of ground transportation for Canadian shippers increased a very slight 0.03 percent in September from August’s results.
The Base Rate Index increased by .05 percent from August. (The Base Rate Index excludes the impact of Accessorial Charges.) The Average Fuel Surcharges for September increased from August’s 19.63 percent to 20.48 percent.
Doug Payne, President and COO, Nulogx, said that domestic LTL has been increasing at steady rate YTD. Domestic Truckload, while showing marginal increases over the past two months, has seen the largest drop YTD. “Year over year, total cost of Freight is comparable to July 2011,” explained Payne.
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