September 25, 2019
Total Freight Costs Decrease 1.1% in July
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 1.1% in July, as compared with June results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.7% in July.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 16.39% of Base Rates in July versus 17% in June.
“Total Freight Costs decreased by 1.1% from last month,” said Doug Payne, President & COO, Nulogx. ”All segments decreased led by Cross Border LTL. Year over year, Cross Border LTL and Domestic LTL remain above last years level, while Cross Border TL remains slightly below last years level. Domestic Truckload, however, is trailing well below last year’s 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.