February 28, 2019
Total Cost of Freight Continues to Decline
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.95% in December, as compared with November results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 1.3% in December.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 17.54% of Base Rates in December versus 17.67% in November.
“Total Freight Costs decreased in December for the third straight month,” said Doug Payne, President & COO, Nulogx ”Total Domestic and Cross Border LTL costs increased but these increases were offset by the decrease in Domestic and Cross Border Truckload costs. Year over year, all segments remain above last years levels. Accessorial charges continue to increase,” 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.