July 29, 2021
Freight Costs Dip Slightly
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.34% in May, as compared with April results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.55% in May.
Average Fuel Surcharges assessed by Carriers remained flat this month. Fuel was 16.27% of Base Rates in May versus 16.24% in April.
“Total Freight Costs decreased by 0.34% from last month driven by Cross Border LTL and Domestic Truckload decreases. Cross Border Truckload and Domestic LTL costs increased. Base Freight costs decreased by 0.55 %. Year over year, Domestic LTL and Domestic Truckload are above last year levels and Cross Border LTL and Truckload are below last year’s 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.