June 26, 2024
Total Freight Costs Increase in April
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.89% in April, as compared with March.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 2.29% in March.
Average Fuel Surcharges assessed by Carriers decreased slightly in April. Fuel was 24.98% of Base Rates in April versus 25.74% in March. Last year in April, the Average Fuel Surcharge was 27.18%.
“Total Freight Costs increased by 1.89% in April. Total Domestic Truckload, Total Cross Border LTL, and Total Cross Border Truckload increased, while Domestic LTL decreased marginally in April. Year over year, Total Domestic LTL remains above last year while, Total Domestic Truckload, Total Cross Border TL & Total Cross Border LTL, segments continue to remain below the costs for the same period last year,” 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.