Total costs decline in November
TORONTO, Ont. — The total cost of ground transportation for Canadian shippers is down by 0.8% in November, according to results published today by the Canadian General Freight Index (CGFI).
The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, decreased by 1.1% in November. As well, average fuel surcharges assessed by carriers increased this month. Fuel was 12.67% of base rates in November compared to 12.10% in October.
“Total freight costs decreased in November,” said Doug Payne, president and COO, Nulogx. “Cross border LTL increased significantly, while the other sectors declined. Year-over-year, total domestic costs remain above last year’s level, and the total cross border costs are still well below last year’s costs.”
For full details on the CGFI please visit: www.cgfi.ca
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.