October 1, 2018
Total Cost of Freight Increases 1.5%
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.5% in July, as compared with June results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.2% in July.
Average Fuel Surcharges assessed by Carriers increased again this month. Fuel was 19.35% of Base Rates in July versus 18.54% in June.
“Total Freight Costs increased by 1.5% in July,” said Doug Payne, President & COO, Nulogx. “
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.