Toronto, Canada / May 30, 2012 - Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers decreased 1.7% in March when compared with February results. This is the first decrease the index has seen since February 2011 however, costs are still up 8.1% year-over-year.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 1.77% when compared to February 2012.
Average Fuel Surcharges assessed by Carriers have seen an increase from 20.42% of Base Rates in February 2012 to 21.9 % in March 2012
"The results in this month's index were driven by a downward trend in the Domestic Truckload & Transborder LTL, while Domestic LTL saw a marginal increase. " said Doug Payne, President & COO, Nulogx
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