November 27, 2019
Total Freight Costs Decline Marginally in September
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.5% in September, as compared with August results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.4% in September.
Average Fuel Surcharges assessed by Carriers increased slightly this month. Fuel was 16.33% of Base Rates in September versus 16.31% in August.
“Total Freight Costs decreased by 0.5% from last month for the 3rd straight month of decline,” said Doug Payne, President & COO, Nulogx. “Domestic LTL increased marginally while Domestic Truckload remained flat. Cross Border LTL & Truckload costs declined. Year over year, Cross Border LTL is well above last years level. Domestic LTL Costs are above last year’s level, while Cross Border & Domestic TL remain 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.