The base rate index, which excludes the impact of accessorial charges assessed by carriers, increased by .01 percent when compared to September 2012.
Average fuel surcharges assessed by carriers have seen an increase from 20.48 percent of base rates in September 2012 to 21.27 percent in October 2012. This is the fourth consecutive month of fuel surcharges increasing.
"Total costs for domestic LTL and truckload increased this month. Domestic LTL has seen an increase of 13.9 percent from a year ago while the domestic truckload is still 6.5 percent below a year ago," said Doug Payne, president & COO of Nulogx, a transportation management solutions provider and sponsor of the CGFI. "Cross-border LTL and truckload were both down in October from September; however, compared to a year ago LTL and truckload are up 2.2 percent and 4.7 percent, respectively," Payne said.
Click here for full details on the CGFI.