4th Consecutive Monthly Increase
Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased again in June, the 4th consecutive monthly increase.
The CGFI Total Freight Costs Index rose by 1% in June when compared to May. The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, increased by 0.8% during the same period.
Notably, average Fuel Surcharges assessed by carriers declined for the first time in 8 months from 20.3% of Base Rates to 19.3%.
"We have now seen several consecutive months of increases in freight costs," said Doug Payne, President & COO, Nulogx. "This is partially due to the effect of increases in Base Rates and the question remains whether this will continue in the future," continued Payne.
For full details on the CGFI please visit: www.cgfi.ca
About the CGFI
The CGFI is sponsored by Nulogx a leading Transportation Management Solutions provider, and is used by shippers and carriers to benchmark performance, develop business plans, and secure competitive agreements. It was developed with the assistance of Dr. Alan Saipe. The most recent results are available at the CGFI website: www.cgfi.ca