Total Costs Increase Marginally
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.2% in January, as compared with December results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by
0.8% in January.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 14.99% of Base Rates in January versus 13.47% in December.
“Total Freight Costs increased slightly in January driven by higher fuel cost,” said Doug Payne, President & COO, Nulogx. ”All segments of the Base Costs decreased. Year over Year, Total Domestic Truckload Costs remain above last year’s level, and the Total Cross Border and Total Domestic LTL Costs still remain well below last year’s Costs,” continued Payne.
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