February 28, 2018
Total Costs Jump in December
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 2.2% in December, as compared with November results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.7% in December.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 17.26% of Base Rates in December versus 15.71% in November.
“Total Freight & Base Costs increased in December,” said Doug Payne, President & COO, Nulogx. ”All segments of the index increased. Year over year, Domestic LTL, Domestic Truckload and Cross Border Truckload are higher while Cross Border LTL costs are well below last year,” continued Payne.
Click on the charts for larger images.
Overall – Total Freight Costs
This is a summary showing Total Freight Costs for over the road shipments starting in January 2008.
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.
Overall – Base Freight Costs
This chart shows the change in Base Freight Costs over the last 12 months for Canadian shippers. The data presented is the same as the General Freight Index above, except that all costs associated with separately identified Fuel Surcharges and Other Accessorial charges has been removed from the analysis.