October 31, 2018
Total Cost of Freight Continues to Increase
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 2.0% in August, as compared with July results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 2.3% in August.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 17.80% of Base Rates in August versus 19.35% in July.
“Total Freight Costs increased by 2.0% in August,” said Doug Payne, President & COO, Nulogx. “
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.