April 24, 2019
Total Cost of Freight Decreases
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 1.2% in February, as compared with January results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.92% in January.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 16.00% of Base Rates in February versus 16.11% in January.
“Total Freight Costs decreased by 1.2%,” said Doug Payne, President & COO, Nulogx. ”Cross Border LTL increased slightly while all other sectors decreased. Year over year, Domestic LTL, Cross Border LTL & Cross Border Truckload segments remain well above last years levels. Domestic Truckload remains 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.