August 25, 2021
Freight Costs Rising
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.02% in June, as compared with May results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.10% in June.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 16.61% of Base Rates in June versus 16.27% in May.
“Total Freight Costs increased by 1.02% in all segments. Base Freight costs increased by 1.10%. Year over year, all segments (Domestic LTL and Domestic Truckload, Cross Border LTL & Cross Border Truckload) are above last year levels, with overall index up by 5.53% over June 2020,” 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.