July 25, 2018
Total Freight & Fuel Costs Continue to Rise
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.5% in May, as compared with April results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.2% in May.
Average Fuel Surcharges assessed by Carriers increased again this month. Fuel was 18.05% of Base Rates in May versus 17.98% in April.
“Total Freight Costs increased by another 0.5% in May,” said Doug Payne, President & COO, Nulogx. ”Fuel Surcharge is now over 18% of the Total Base Costs. Both Domestic LTL and TL actually declined marginally while Cross Border Truckload and LTL increased. All sectors continue to track well above last years level,” continued Payne.
Click on the charts for larger images.
Overall – Total Freight Costs
This chart depicts only General Freight shipments and includes all accessorial and fuel surcharges.
It excludes specialty freight services, rail, air, ocean and courier shipments. Freight services paid in US currency have been translated into Canadian dollars based on the exchange rate applicable on the shipment date.