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Freight Costs Keep Going Up

TORONTO, ON— Canadian shippers paid carriers 0.8 percent more for ground transportation in October than they did in September, according to the Canadian General Freight Index (CGFI).

"This is the third consecutive month of total cost increases," said Doug Payne, president and COO, Nulogx. "Total costs and base freight costs are closing the gap at 1.0 percent and 0.96 percent respectively below last year."

The base rate increased by 1.2 percent in October when compared to September and does not include accessorial charges such as fuel surcharge.

Carriers said average fuel surcharges increased marginally. Fuel was 20.96 percent of base rates in October, up from 20.12 percent in September.

The CGFI, which is sponsored by Nulogx, highlights the changes in prices paid for freight transportation by Canadian shippers and represents general truck transportation, but excludes bulk, liquid and other specialty services.
Nulogx helps shippers and carriers secure competitive agreements, evaluate performance and develop business plans.

 
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