April 12, 2010
by Purchasingb2b Staff
The cost of ground transportation for Canadian shippers decreased slightly in January, according to the most recent Canadian General Freight Index (CGFI) report, which was issued in early April.
Generated monthly, the CGFI was created by Nulogx and Alan Saipe, president of Supply Chain Surveys Inc. It is meant to give shippers and carriers benchmarks on the cost of moving product by truck. It generates information using Nulogx’s database of more than two million annual transactions as a base.
Overall, the CGFI reveals that freight costs fell by 1.2 percent in January compared to results from December.
Base rates—which exclude the impact of fuel surcharges assessed by carriers—fell 1.4 percent from December.
Average fuel surcharges fell half a percent from 14.2 percent in December to 13.7 percent in January.
Offsetting these declines were slight increases in other accessorial charges assessed by carriers.