August 28, 2019
Marginal Increase of 0.5% for Total Freight Costs in June
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.5% in June, as compared with May results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.8% in June.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 17.00% of Base Rates in June versus 17.32% in May.
“Total Freight Costs increased marginally by 0.5% from last month, the first time since March 2019. All segments had a marginal increase led by Domestic Canadian Truckload & LTL. Year over year, Domestic LTL and Cross border Truckload remain above last year at this time, and Cross Border LTL remains well above last years levels. Domestic Truckload, however, is trailing below last year’s level,” said Doug Payne, President & COO, Nulogx.
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.