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 March, as compared with February results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.5% in March.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 14.69% of Base Rates in March versus 14.80% in February.
“Total Freight Costs increased, driven by strong increases in the Domestic Truckload Costs. Cross Border and Domestic LTL Costs decreased while Cross Border Truckload had a marginal increase. This is the third straight month that Total Costs have increased driven by the Truckload Costs,” said Doug Payne, President of CGFI sponsor Nulogx.”
Source: CGFI< Return