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June 01, 2018
Canadian shippers' ground transportation costs increased by 1.9% in March
Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian Shippers increased by 1.9% in March, as compared with February results.
The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, increased by 2.1% in March.
Average fuel surcharges assessed by carriers decreased this month. Fuel was 16.55% of base rates in March versus 17.94% in February.
"Total Freight Costs increased by another 1.9% in March. All Segments showed increases with Cross Border LTL and Domestic Truckload leading those increases. Domestic LTL and Cross Border Truckload increased also. All sectors are now well above last year's level," said Doug Payne, President of CGFI sponsor Nulogx.
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