October 30, 2019
Total Freight Costs Decline in August
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.7% in August, as compared with July results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.4% in August.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 16.31% of Base Rates in August versus 16.39% in July.
“Total Freight Costs decreased by 0.7% from last month” said Doug Payne, President & COO, Nulogx.” “Domestic LTL & Cross Border LTL increased but were offset by the declines in Domestic Truckload & Cross Border Truckload costs. Year over year, Cross Border LTL is well above last years level. Domestic LTL Costs are above last years level, while Cross Border TL remains slightly below & Domestic Truckload is 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.