April 28, 2021
Total Freight Costs Increase
Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.29% in February, as compared with January results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 1.59% in February.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 14.04% of Base Rates in February versus 13.31% in January.
“Total Freight Costs decreased by 0.29% from last month driven by a decrease in the Domestic and Cross Border Truckload segments. Domestic LTL and Cross Border LTL increased marginally. Base Freight costs decreased by 1.59%. Year over year, Cross Border LTL is above last year’s level while and Domestic Truckload, 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.