June 27, 2018
6th Straight Month of Total Freight Costs Rising
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.3% in April, as compared with March results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.7% in April.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 17.98% of Base Rates in April versus 16.55% in March.
“Total Freight Costs increased by another 1.3% in April. This is the 6th straight month of total Freight costs increasing. Both Domestic and Cross Border LTL actually declined however Domestic and Truckload increased. All sectors continue to track well above last year’s level,” 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.