January 30, 2020
Total Freight Costs Increase in November
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 2.02% in November, as compared with October results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.36% in November.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 17.23% of Base Rates in November versus 16.78% in October.
“Total Freight Costs increased by 2.02% from last month partially driven by an increase in fuel costs and a CN rail strike in November,” said Doug Payne, President & COO, Nulogx. “Domestic TL and Cross Border LTL increased while Domestic LTL remained flat & Cross Border Truckload increased marginally. Year over year, Cross Border LTL is well above last years level. Domestic LTL, Cross Border & Domestic TL remain below last year’s level,” continued Payne.
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.