November 25, 2020
Total Freight Costs Continue 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 1.2% in September, as compared with August results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.96% in September.
Average Fuel Surcharges assessed by Carriers decreased marginally this month. Fuel was 11.25% of Base Rates in September versus 11.27% in August.
“Total Freight Costs increased by 1.2% from last month driven by an increase in Domestic Truckload. Cross Border Truckload and Domestic LTL increased slightly while Cross Border LTL declined. Base Freight costs increased by 0.96%. 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.
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.