January 29, 2025
Total Freight Costs Continue to Decrease in November
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.62% in November, as compared to October.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.78% in November.
Average Fuel Surcharges assessed by Carriers decreased in November. Fuel was 24.41% of Base Rates in November versus 22.55% in October. Last year in November, the Average Fuel Surcharge was 28.13%.
“Total Freight Costs decreased marginally by 0.62% in November. Like October, Total Domestic LTL, Total Domestic TL and Total Cross Border TL all decreased, while Total Cross Border LTL showed an increase. Year over year, Total Domestic LTL, Total Cross Border LTL, and Total Cross Border TL segments each remain above the same period last year, while Total Domestic Truckload costs remain below,” 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.