February 24, 2021
Total Freight Cost Decrease Marginally
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.44% in December, as compared with November results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 1.14% in December.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 12.15% of Base Rates in December versus 11.12% in November.
“Total Freight Costs decreased by 0.44% from last month driven by a decrease in Cross Border LTL and Cross Border Truckload and an increase in Domestic LTL &Truckload. Base Freight costs decreased by 1.14 %. Of particular note, Accessorials Increased again this month. Year over year, Cross Border LTL and Domestic Truckload are above last years 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.