December 23, 2019
Total Freight Costs Decrease Slightly in October
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.04% in October, as compared with September results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.15% in October.
Average Fuel Surcharges assessed by Carriers increased slightly this month. Fuel was 16.78% of Base Rates in October versus 16.33% in September.
“Total Freight Costs decreased by 0.04% from last month – down for the 4th straight month,” said Doug Payne, President & COO, Nulogx. “Domestic LTL and Cross Border LTL increased but the decline in Domestic Truckload & Cross Border Truckload more than offset the LTL gains. Year over year, Cross Border LTL is well above last years level and Domestic LTL Costs are above last years level. Cross Border & Domestic TL remain well below last years level,” continued Payne.
Click on the charts for larger images.
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.