May 28, 2021
Fuel Drives Total Freight Costs to Rise
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.28% in March, as compared with February results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.07% in March.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 16.10% of Base Rates in March versus 14.04% in February.
“Total Freight Costs increased by 1.28% from last month driven by an increase in fuel costs. Domestic & Cross Border Truckload led the increases. Domestic and Cross Border LTL increased marginally. Base Freight costs decreased by 0.07%. Year over year, Cross Border LTL and Domestic Truckload is above last years level while Domestic LTL and Cross Border Truckload are below last years level,” 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.