May 9, 2022
Total Freight Cost Continues to Increase in All Segments
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 4.12% in February, as compared with January.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 2.99% in February.
Average Fuel Surcharges assessed by Carriers increased in February. Fuel was 22.14% of Base Rates in February versus 21.42% in January.
“Total Freight Costs increased by 4.12% led by increases in Domestic Truckload. All segments increased this month. Base Freight costs increased by 2.99%. Overall, year over year Total Freight Costs (Domestic LTL and Domestic Truckload, Cross Border LTL & Cross Border Truckload) are well above last years 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.