Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.9% in May, as compared with April results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased 0.4% in May.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 11.1% of Base Rates in May versus 10.88% in April.
“Overall, Total Freight Costs continued to decline. Domestic Truckload increased marginally and Domestic LTL decreased marginally. Cross Border Truckload showed a decrease while Cross Border LTL showed a strong decrease.” said Doug Payne, President & COO, Nulogx. “Year over Year, all segments (Domestic Truckload & LTL and Cross Border Truckload & LTL) are below last year’s costs, with Cross Border being well below levels a year ago,” continued Payne.
For the latest results of the CGFI, please visit here: