January 3, 2025
Total Freight Costs Decrease Again in October
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 1.28% in October, as compared to September.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.83% in October.
Average Fuel Surcharges assessed by Carriers decreased in October. Fuel was 22.55% of Base Rates in October versus 23.71% in September. Last year in October, the Average Fuel Surcharge was 28.23%.
“Total Freight Costs decreased by 1.28% in October. Total Domestic LTL, Total Domestic TL and Total Cross Border TL all decreased in October, while Total Cross Border LTL had a small 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 are still 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.