Freight costs up

by MM&D Online Staff

Toronto, Ontario—Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by 1.2 percent in October when compared with September results.

The base rate index, which excludes the impact of accessorial charges assessed by carriers, increased by 1.4 percent when compared to September 2014. Average fuel surcharges assessed by carriers decreased this month. Fuel was 19.35 percent of base rates in October versus 20.75 percent in September.

“Despite the decrease in Fuel Costs, there was still an increase in total freight costs.” said Doug Payne, president  & COO, Nulogx. “This increase was driven by truckload costs, as the four-month rolling average of LTL costs showed a slight decrease.”