Archive for April, 2015

Truckload Continues to Drive Increases in Total Freight Costs

April 29th, 2015

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 2.2 % in February when compared with January results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, Increased by    2.6 % when compared to January.

Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 16.02 % of Base Rates in February versus 17.22 % in January.

“Total Freight costs continue to rise driven by Truckload activity in February, despite decreasing fuel costs.” said Doug Payne, President &COO, Nulogx. “Once again Cross Border and Domestic LTL Total Costs slid in February, but were out-weighed by the Domestic and Cross Border TL increases. Cross Border Truckload base rates are 18.5 % higher than a year ago, while LTL rates – both Domestic and Cross Border – are more than 10% below.  Domestic Truckload rates are very near the level of a year ago” continued Payne.

For the latest results of the CGFI please visit here: www.nulogx.com/cgfi/results/

Truckload & Accessorials Continue to Drive Increases in Total Freight Costs

April 1st, 2015

cgfi-march

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 2.4 % in January 2015 when compared with December results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, Increased by    2.8 % when compared to December 2014.

Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 17.22 % of Base Rates in January versus 18.56 % in December.

“Total Freight costs continue to rise driven by Truckload activity in January despite decreasing fuel costs.” said Doug Payne, President  & COO, Nulogx. “Once again Cross Border and Domestic LTL Total Costs slid in January, but were out-weighed by the Cross Border and Domestic TL increases.  Of particular note, we have seen a steady increase in accessorial charges, as % of Total Freight spend, since May 2014.” continued Payne.

For the latest results of the CGFI please visit here: www.nulogx.com/cgfi/results/