March 26, 2020
Total Freight Costs Increase in January
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.02% in January, as compared with December results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.26% in January.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 17.61% of Base Rates in January versus 17.83% in December.
Total Freight Costs increased by 1.02% from last month driven by an increase in base rates in January. Cross Border LTL rates have continued to increase sharply for the 4th straight month. Costs for all other sectors increased marginally, with the exception of Cross Border Truckload which was flat. Year over year, Cross Border LTL remains well above last years level. Domestic LTL & Cross Border TL remain below last year, while Domestic TL is slightly ahead of last year’s level.
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.