Total Costs Increase in November

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Total Costs Increase in November

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.87% in November, as compared with October results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.04% in November.

Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 15.71% of Base Rates in November versus 14.63% in October.

“Total Freight & Base Costs increased in November. The overall increase would have been greater but there was downward pressure on the Crossborder LTL. All other segments increased over last month,” said Doug Payne, President & COO, Nulogx.