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June 01, 2017
Canadian shippers' surface transportation costs rose slightly in March
Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by 1.2% in March, as compared with February results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.5% in March.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 14.69% of Base Rates in March versus 14.80% in February.
"Total Freight Costs increased, driven by strong increases in the Domestic Truckload Costs. Cross Border and Domestic LTL Costs decreased while Cross Border Truckload had a marginal increase. This is the third straight month that Total Costs have increased driven by the Truckload Costs," said Doug Payne, President of CGFI sponsor Nulogx."
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