Archive for September, 2011

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

September 29th, 2011

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.

Nulogx Welcomes Ryder as a CGFI “Data Partner”

September 28th, 2011

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.