DAILY NEWS Jan 30, 2013 2:26 PM - 0 comments

Fuel and freight costs decrease, CGFI shows

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TORONTO, Ont. -- Results published today by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers declined by 0.86 % in November when compared with October results.

The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, decreased by 1.2% when compared to October.

Average fuel surcharges assessed by carriers have seen a decrease from 21.27% of base rates in October to 20.46% in November. This is the first decrease in fuel since July.

"Total costs for domestic LTL and truckload continued their increase again this month, while cross-border LTL and truckload costs continue to decline," said Doug Payne, president and COO of Nulogx, which facilitates the CGFI. "Accessorial charges rose marginally after three months of steady costs."

The CGFI is sponsored by Nulogx, a 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 Web site: www.cgfi.ca.

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