July 27, 2022
Total Freight Cost Continues to Increase
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 2.67% in May, as compared with April.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.63% in May.
Average Fuel Surcharges assessed by Carriers increased in May. Fuel was 31.69% of Base Rates in May versus 29.03% in April. Last year in May, average fuel surcharge was 16.27%.
“Total Freight Costs increased by 2.67%. All segments increased this month driven by both Base Freight costs and fuel surcharge. Overall, year over year Total Freight Costs (Domestic LTL and Domestic Truckload, Cross Border LTL & Cross Border Truckload) continue to be well 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.