June 28, 2019
Total Cost of Freight Decreases
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.7% in April, as compared with March results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.2% in April.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 17.46% of Base Rates in April versus 16.28% in March.
“Total Freight Costs decreased by 0.7%, erasing the increase from last month,” said Doug Payne, President & COO, Nulogx. ”All segments (Domestic LTL& TL and Cross Border LTL & TL) decreased in April. Year over year, Domestic LTL remains above last year at this time, Cross Border LTL & Cross Border Truckload segments remain well above last years levels. Domestic Truckload is trailing below last year’s level,” continued Payne.
Click on the charts for larger images.
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.