Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by 1.2% in February, as compared with January results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.1% in February.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 14.80% of Base Rates in February versus 14.90% in January.
“Total Freight Costs increased, driven by strong increases in the Domestic and Cross Border Truckload Costs. Cross Border and Domestic LTL Costs decreased,” said Doug Payne, President of CGFI sponsor Nulogx. “Year over Year, Total Domestic Truckload Costs remain above last year’s level, and the Total Cross Border LTL and Total Domestic LTL Costs still remain below last year’s Costs,” continued Payne.
Source: CGFI< Return