Total Costs Continue to Slide
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 1.1% in December, as compared with November results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by
1.7% in December, but marginally better than a year ago.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 13.47% of Base Rates in December versus 12.67% in November.
“Total Freight Costs continued to slide in December. Cross Border LTL led the decrease, followed by Cross border Truckload and the domestic segment,” said Doug Payne, President & COO, Nulogx. “Year over Year, Total Domestic Costs remain above last year’s level, and the Total Cross Border Costs still remain well below last year’s costs,” continued Payne.
Click on the charts for larger images.