November 28, 2018
Total Cost of Freight Rises Marginally
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.6% in September, as compared with August results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.4% in September.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 18.79% of Base Rates in September versus 17.80% in August.
“Total Freight Costs increased marginally by 0.6% in September. Once again,
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.