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November 02, 2018
Shippers' ground transportation costs in Canada up 2.0%
Results published by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 2.0% in August, as compared with July results.
The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, increased by 2.3% in August.
Average fuel surcharges assessed by carriers decreased during the month. Fuel was 17.80% of Base Rates in August versus 19.35% in July.
"Total Freight Costs increased by 2.0% in August," said Doug Payne, President of CGFI sponsor Nulogx. "Cross Border LTL led the increase. Since November 2017, Total Freights costs have been on a continual increase. Year over year, all segments are well above last years levels," continued Payne.
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