July 31, 2019
Total Cost of Freight Decreases 1.2%
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 May, as compared with April results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.9% in May.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 17.32% of Base Rates in May versus 17.46% in April.
“Total Freight Costs decreased by 1.2% from last month,” said Doug Payne, President & COO, Nulogx. ”Cross Border LTL increased while all other segments decreased. Year over year, Domestic LTL remains above last year at this time, Cross Border LTL remains well above last years levels. Cross border Truckload is above last years mark and Domestic Truckload is trailing 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.