Freight Cost Continues to Rise, CGFI Rises for 9th Consecutive Month in November

January 25th, 2012 by nulogx No comments »

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers  increased 1.6% in November when compared with October results. This represents the 9th consecutive monthly increase since March of 2011. During this time the CGFI has risen 7.1% in aggregate.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers increased by a modest .4% in November versus October. Since March of 2011 Base Rates have risen 4.3% in aggregate.

An increase in Fuel Surcharges assessed by carriers is the primary reason why Total Costs are increasing a a faster rate than Base Rates.   In November the Fuel Surcharges assessed by carriers equated to 20.86% of Base Rates, up from 18.79% in March.

“We are starting to see increases in some sectors that have been hit the hardest during the economic downturn” said Doug Payne, President & COO, Nulogx. “This may be a sign that we are seeing both an increase in demand as well as continued operational and pricing discipline from carriers” continued Payne.

The CGFI is sponsored by Nulogx, a leading Transportation Management Solutions provider, and is used by shippers and carriers to benchmark performance, develop business plans, and secure competitive agreements. It was developed with the assistance of Dr. Alan Saipe. For more information visit the CGFI website: www.cgfi.ca.

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Canadian General Freight Index – October 2011 Results

December 28th, 2011 by Scott Irvine No comments »

CGFIThe Canadian General Freight Index (CGFI) has now published the results for October 2011.

Click Here to see the public results.

The CGFI is sponsored by Nulogx, a leading Transportation Management Solutions provider, and is used by shippers and carriers to benchmark performance, develop business plans, and secure competitive agreements. It was developed with the assistance of Dr. Alan Saipe. For more information visit the CGFI website: www.cgfi.ca.

As a member of the CGFI community your company can take advantage of access to this database to benchmark your company’s performance against the market. Please contact us for more information on how to gain access to this valuable service.

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Upcoming Webinar: Secrets of Successful Freight Tenders

December 19th, 2011 by nulogx No comments »

Nulogx Webinars

Almost all transportation and supply chain professionals  will agree that a well executed Freight RFP is both time consuming and analytically challenging.  With everyone’s resources stretched to the max, freight tenders are often delayed, or not completed at all.  So when you bite the bullet and invest in an RFP project, it pays to make sure you are getting the best result possible.

Based on our experience conducting numerous carrier sourcing engagements, we have discovered some key tactics that will ensure your next Carrier RFP generates the best results possible. Please join us on Thursday January 19th, 2012 at 12 noon, when we will reveal value tips, strategies and practical lessons learned as a result of our experience in this area.

Our special guest for this webinar will be Aaron Lalvani who is a leading industry expert on Freight RFP’s. A member of the Nulogx organization, he has over 15 years of experience and brings a fresh insightful approach to freight cost management strategies.

Click Here to Register

 

 

 

 

 

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Freight Cost Increases Stall In September, CGFI Remains Constant While Base Rates Decrease Slightly

November 30th, 2011 by nulogx No comments »

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers in September remained the same when compared with August results.

However the Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers decreased by .1% for the same period.  This was the first decrease in Base Rates since March 2011.

Offsetting the decrease in Base Rates were slight increases in both Average Fuel Surcharges assessed by carriers and Other Accessorial Charges.  During this period the Fuel Surcharges assessed by carriers equated to 20.16% of Base Rates, up from 20.1% in August.  The combined effect of lower Base Rates and higher Accessorial Charges resulted in no change in average transportation costs for Canadian shippers.

“The slight decrease in Base Rates was predominantly driven by reduced costs in the Transborder Truckload sector,” said Doug Payne, President  & COO, Nulogx. “Over the summer these movements were subject to significant cost increases and it is possible that these are easing somewhat” continued Payne.

The CGFI is sponsored by Nulogx, a leading Transportation Management Solutions provider, and is used by shippers and carriers to benchmark performance, develop business plans, and secure competitive agreements. It was developed with the assistance of Dr. Alan Saipe.  The most recent results are available (after registering) at the CGFI website: www.cgfi.ca.

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Freight Costs Continue To Increase For Canadian Shippers Canadian General Freight Index Rises .4% In August

October 26th, 2011 by nulogx No comments »

domestic truckloadResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased .4% in August 2011 when compared to July.

The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, has increased for 6 consecutive months including a .6% increase in August. However, Base Rates remain 4.8% below the same period a year ago.

Average Fuel Surcharges assessed by carriers increased from 19.0% of Base Rates in July to 20.1% in August.

“The trend toward marginal increases in Base Rates we observed last month has continued,” said Doug Payne, President  & COO, Nulogx. “although it is interesting to note that they are still significantly below prior year levels” continued Payne.

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Nulogx Ranked One of the Fastest Growing Companies in North America on Deloitte’s 2011 Technology Fast 500™

October 19th, 2011 by nulogx No comments »

deloitte fast 500Nulogx today announced that it is now ranked number on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010.

Nulogx’s President Doug Payne credits the ability of its service and technology solutions to improve transportation processes and reduce costs with the company’s substantial revenue growth.  Payne said, “The ability of our team members to understand client needs and rapidly deploy technology-enabled solutions has resulted in significant improvements in supply chain efficiency for our customers and growth opportunities for Nulogx.”

“Nulogx and all the Technology Fast 500™ winners in 2011 have shown a remarkable drive for creativity and innovation, and of course growth, particularly when you look at their accomplishments in the context of current economic challenges” said Richard Lee, National Leader, Technology Media & Telecommunications Industry Group, Deloitte Canada. “Deloitte congratulates Nulogx for this significant achievement.”

“We are pleased to honor Nulogx as one of the 2011 Technology Fast 500,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Nulogx has demonstrated technological innovation, entrepreneurship and rapid growth.”

For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com

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Nulogx Ranked One of the Fastest Growing Technology Companies in Canada in the Deloitte Technology Fast 50TM

October 18th, 2011 by nulogx No comments »

Nulogx is ranked among the Deloitte Technology Fast 50TM, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. For 14 years, the Deloitte Technology Fast 50TM program has tracked the successful growth of Canadian-grown global leaders. Now Canada’s pre-eminent technology award program, the Deloitte Technology Fast 50TM augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.

Deloitte Technology Fast 50

“Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of an uncertain global economic recovery,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Nulogx is an example of the determination, drive and skill that will serve to position them for further growth and success in the years to come.”

Nulogx’s President Doug Payne, credits the ability of its service and technology solutions to improve transportation processes and reduce costs with the company’s substantial revenue growth. Payne said, “Our ability to understand client needs and rapidly deploy technology-enabled solutions has resulted in significant improvements in supply chain efficiency for our customers and growth opportunities for Nulogx.”

To qualify for the Deloitte Technology Fast 50TM ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.

About the Deloitte Technology Fast 50TM – The Deloitte Technology Fast 50TM program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth’s resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca

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The 5 Reports Every Shipper Needs

October 3rd, 2011 by Scott Irvine No comments »

 

Transportation Management Reports

As the management consultant Peter Drucker once said, “If you can’t measure it, you can’t manage it!”  This is definitely true for anyone involved in Transportation.  Large shippers will have a huge number of shipments, on a variety of carriers, going to thousands of places, creating a mind-boggling array of data points.

Even if we can get the data to measure this activity, we also need to summarize and organize it into insightful Transportation Management Reports that provide  “actionable information”.   Here are the 5 most important Transportation Management Reports we believe all shippers need.

» Read more: The 5 Reports Every Shipper Needs

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Freight Costs Continue To Increase For Canadian Shippers Canadian General Freight Index Rises 1.2% In July

September 29th, 2011 by nulogx No comments »

transportation logistics managementResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased 1.2% in July 2011 when compared to June.

The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, has increased for 4 consecutive months including a 1.4% increase in July. However, Base Rates remain 3.6% below the same period in July 2010.

Average Fuel Surcharges assessed by carriers declined from 19.3% of Base Rates in June to 19.0% in July.

“It appears there is a trend toward marginal increases in Base Rates,” said Doug Payne, President  & COO, Nulogx. “If carriers continue to manage their capacity and price rationally we may see this trend continue, however that could be offset if there is a slowing economy” continued Payne.

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Nulogx Welcomes Ryder as a CGFI “Data Partner”

September 28th, 2011 by nulogx No comments »

Ryder Systems Inc.Nulogx Inc, Canada’s leading Transportation Management Solutions provider, announced today that Ryder System, Inc. a leader in supply chain, warehousing and transportation management solutions,  has become a Canadian General Freight Index (CGFI) “Data Partner”.    Under the terms of this agreement, Ryder will be providing data to be used in the compilation of the monthly index.

The CGFI is published monthly and is used by shippers, carriers and other interested parties to benchmark costs, develop business plans and structure beneficial agreements.  These insights are developed using the data generated by its sponsor, Nulogx Inc, Canada’s largest processor of freight invoices.  As a Data Partner, Ryder will benefit from receiving the same highly detailed reports on freight cost behaviour currently provided to Nulogx customers.

“The CGFI represents the leading indicator of changes to freight costs for Canadian shippers” stated Doug Payne, President and COO of Nulogx. “We are very pleased that Ryder recognizes the value of this service and are partnering with us to grow its importance in the Canadian Transportation Industry” continued Payne.

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