The Canadian General Freight Index released Wednesday, March 28, indicates that the cost of ground transportation for Canadian shippers increased 0.8 percent in January when compared with December 2011 results. After the 11th consecutive monthly increase, the CGFI is now 9.5 percent above the February 2011 result.
The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, increased slightly in January and is now 0.3 percent over the December 2011 result. Since February 2011, base rates reported by the CGFI have risen 3.8 percent.
“Rising accessorial charges continue to be the primary driver of increasing freight costs for Canadian shippers,” said Doug Payne, president and chief operating officer of Nulogx, which oversees the index. “While these typically decline in the spring, we will continue to monitor this to determine if they are seasonal increases or part of a general pricing trend by carriers.”