December 27, 2018
Total Cost of Freight Decreases Slightly
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.03% in October, as compared with September results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.2% in October.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 18.59% of Base Rates in October versus 18.79% in September.
“Total Freight Costs decreased marginally by 0.03% in October,” said Doug Payne, President & COO, Nulogx. ”This is the first decrease in Total Freight Costs since October 2017. Domestic TL decreased while the Domestic LTL, Cross Border LTL & TL remained positive. Year over year, all segments are well above last years levels,” continued Payne.
On behalf of everyone at Nulogx, thank you for your continued support. We wish everyone a Safe, Healthy and Happy New Year and look forward to an exciting and prosperous 2019.
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.