Total Costs Decline
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.8% in November, as compared with October results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by
1.1% in November.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 12.67% of Base Rates in November versus 12.10% in October.
“Total Freight Costs decreased in November,” said Doug Payne, President & COO, Nulogx. ”Cross Border LTL increased significantly, while the other sectors declined. Year over Year, Total Domestic Costs remain above last year’s level, and the Total Cross Border Costs are still well below last year’s Costs,” continued Payne.
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