Total cost of freight rose by 1.2% in October
TORONTO, ON – The total cost of ground transportation for Canadian shippers increased by 1.2% in October 2014, compared to the month previous, according to the Canadian General Freight Index (CGFI).
According to the survey, conducted by Nulogx, the Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, increased by 1.4% during the same period.
Average fuel surcharges assessed by carriers decreased in October, and fuel was 19.35% of base rates in October 2014, compared to 20.75% in September 2014.
“Despite the decrease in fuel costs, there was still an increase in total freight costs,” said Doug Payne, president and COO of Nulogx. “This increase was driven by truckload costs, as the four-month rolling average of LTL costs showed a slight decrease.”
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