The Canadian General Freight Index Falls Slightly in October

(PR Insider)

Results published today [Tuesday] by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers declined slightly in October after rising in September. Since the beginning of the year, the index has fallen in eight of the ten months, and has declined 9.6% in aggregate.

Although overall results declined, Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, rose .3% in October; only the second monthly increase since the beginning of the year. Offsetting the increase in base rates was a drop in average Fuel Surcharges, resulting in slightly lower overall costs.

“A slight increase in the domestic market seems to have been countered by weaker rates in the Trans-Border market,” says Alan Saipe, president, Supply Chain Surveys Inc., and long time analyst and observer of the transportation and logistics industry.

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. Read more here or view the results at the most recent results are available at the CGFI website.