December 23, 2020
Total Freight Costs Continue to Rise
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.74% in October, as compared with September results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.58% in October.
Average Fuel Surcharges assessed by Carriers decreased marginally this month. Fuel was 10.91% of Base Rates in October versus 11.25% in September.
“Total Freight Costs increased by 0.74% from last month driven by an increase in Cross Border LTL and Domestic LTL. Domestic and Cross Border Truckload also increased marginally. Base Freight costs increased by 0.58%. Year over year, Cross Border LTL remains significantly above last year’s level, Domestic Truckload is now slightly higher, while the other sectors remain below last year,” said Doug Payne, President & COO, Nulogx.
On behalf of the staff at Nulogx, we wish you a very safe and healthy holiday and a Happy New Year
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.