March 31, 2021
Total Freight Costs Increase
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.53% in January, as compared with December results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.64% in January.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 13.31% of Base Rates in January versus 12.25% in December.
“Total Freight Costs increased by 1.53% from last month driven by an increase in Domestic LTL, Domestic Truckload and Cross Border LTL. Cross Border Truckload remained flat. Base Freight costs increased by 0.64%. Of particular note, Accessorials as a percent of freight costs increased again this month. Year over year, Cross Border LTL and Domestic Truckload are above last year’s level. Domestic LTL and Cross Border 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.