March 29, 2023
Total Freight Costs Increase in January
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 0.55% in January, as compared with December.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.14% also in January.
Average Fuel Surcharges assessed by Carriers decreased in January. Fuel was 31.37% of Base Rates in January versus 33.50% in December. Last year in January, the Average Fuel Surcharge was 21.42%.
“Total Freight Costs increased by 0.55%. Domestic LTL and Domestic Truckload increased. Cross Border LTL and Cross Border Truckload decreased. Overall, year over year Total Freight Costs (Domestic LTL and Domestic Truckload, Cross Border LTL & Cross Border Truckload) continue to be 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.