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Freight Costs Continue To Decline in January, CGFI drops a Further 0.4% in January, Fuel Surcharges continue to rise

March 30th, 2011

Kenworth TruckResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers dropped for the fourth consecutive month in December, while Fuel Surcharges assessed by carriers rose to the highest level in over 2 years.

The CGFI Total Freight Cost Index decreased by .4% in January compared to December, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased 1.5%.  The CGFI is still 2.5% above the April low point and 1.8% above last year’s result for the same period.

Notably, average Fuel Surcharges increased substantially for the fourth consecutive month from their September low of 13.0% to 16.3% in December.

“The increase in fuel surcharges is continuing to offset the decreases in base rates being charged by carriers”, commented Doug Payne, President & COO Nulogx.  “As fuel prices continue to increase we envision escalating transportation costs in the coming months for Canadian shippers” 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.

Top level information is available free of charge to those who sign up for our monthly newsletter.

To sign up now – click here.

To view the results before you sign up, click here.

More detailed information is also available to all Nulogx customers.

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Cost of ground transportation for Canadian Shippers dropped for the third consecutive month in December

February 27th, 2011

Domestic TruckloadResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers dropped for the third consecutive month in December, while Fuel Surcharges assessed by carriers continued to rise.

The CGFI Total Freight Cost Index decreased by 1.6% in December compared to November, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased 2.5%.  The CGFI is still 2.9% above the April low point and 1.5% above last year’s result for the same period.

Notably, average Fuel Surcharges increased substantially for the third consecutive month from their September low of 13.0% to 15.7% in December.

“In December we continued to see the cooling off of the Domestic Truck Load sector,” comments Doug Payne, President & COO Nulogx.  “However this was offset somewhat by a sustained increase in Fuel Surcharges and a surprisingly strong Domestic LTL result,” adds Payne.

According to Alan Saipe, President of Supply Chain Surveys, “While the price increases seen in the Domestic Truckload sector earlier in the year did not take, we are expecting that carriers will try again for rate increases in early 2011.”

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BNN looks at recent trends in Canada’s goods transportation sector

February 25th, 2011

BNN talks with Nulogx

BNN looks at recent trends in Canada’s goods transportation sector with Doug Payne, President & COO of Nulogx, which compiles the Canadian General Freight Index. View Interview Here

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Will I get paid for that load and how much

February 17th, 2011

Doug Payne CEO of Nulogx (www.nulogx.com) discussed the Canadian General Freight Index at Loadsurfer University. Loadsurfer.com offers a 7 day free trial. Uuse this new load board resource to find loads, do a load search, find freight and do load matching for 7 days and experience the difference.

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Freight Costs Cool in October – CGFI Drops .8% In October, But Fuel Surcharges Begin To Rise

January 5th, 2011

Results published today by the Canadian General Freight Index (CGFI) indicate that after several months of steady increases, the cost of ground transportation for Canadian Shippers dropped slightly in October.

The CGFI Total Freight Cost Index decreased by .8% in October compared to September, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased .92%.  The CGFI is still 7.5% above the April low point and 5.3% above last year’s result for the same period.

Notably, average Fuel Surcharges increased by 6% to 13.77% of Base Rates when compared to September results.  Fuel surcharges increased for the first time in 5 months, and are beginning to reflect the higher cost of diesel fuel for trucking companies.

“We are just starting to see the impact that higher fuel prices will have on shippers and trucking companies, and we expect to monitor this trend through the winter months” comments Doug Payne, President & COO of Nulogx.  “As for the slight decline in Base Rates, this is not unexpected given the consecutive monthly increases we have seen since last April,” adds Payne.

For full details on the CGFI please visit: www.cgfi.ca

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Freight Rates Continue to Rise for Canadian Shippers

December 3rd, 2010

Results published today by the Canadian General Freight Index (CGFI) indicate a slight increase in the cost of ground transportation for Canadian Shippers in September.

The CGFI Total Freight Cost Index increased by .4% in September compared to August, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed  by carriers, also increased by .7%.  Average Fuel Surcharges remained essentially unchanged at 13% for the month.  This is the fifth consecutive monthly increase since the index reached a low point in April 2010.

“Prior increases in overall freight costs for Canadian shippers were primarily driven by the Domestic Truckload sector, however we are now seeing increases in Transborder LTL costs which is contributing to this trend” comments Doug Payne, President Nulogx.

According to Jason Granger, Equity Analyst, BMO Capital Markets, “This is consistent with what we have seen in previous cycles. Truckload pricing appears to be leading LTL pricing in the recovery as Truckload capacity is quicker to exit the system. However, as the pace of the economic recovery cools, supply pressure, as opposed to demand growth, could arguably be a more significant near-term catalyst for further improvements in industry pricing. Driver shortages, equipment shortages and business failures could all contribute to tighter supply conditions.”

For full details on the CGFI, a transportation index, please visit: www.cgfi.ca

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The Canadian General Freight Index posts 4th consecutive monthly increase in August

October 27th, 2010

Results published today by the Canadian General Freight Index (CGFI) indicate another increase in the cost of ground transportation for Canadian Shippers in August.

Overall Freight Costs increased by 1.5% in August compared to July, while Base Rates which exclude the impact of Fuel Surcharges assessed by carriers also increased by 1.7%. Average Fuel Surcharges remain unchanged after decreases in June and July.  This is the fourth consecutive monthly increase since the index reached a low point in April 2010.

“Increases in overall freight costs for Canadian shippers continue to be driven by the Domestic Truckload sector,” comments Doug Payne, President Nulogx.  “While Truckload is leading the way, we also now see a strengthening of the LTL and Transborder rates,” adds 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 at the CGFI website: www.cgfi.ca.

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Trucking Industry Outlook Conference Call with Desjardins Securities

October 26th, 2010

Desjardins Securities recently invited Doug Payne, President of Nulogx along with Scott Irvine, Vice President of Business Development of Nulogx to discuss the Canadian General Freight Index.  The discussion was part of Desjardins’  Trucking Industry Outlook Conference Call.

Click below to listen to podcast.

 

Click Here to view key takeaways from Desjardin Trucking Industry Outlook featuring Nulogx and and the CGFI Report

Click here to view key takeaways from Desjardin Trucking Industry Outlook featuring Nulogx and CGFI report

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Overall Freight Costs increased by 3% in July when compared to June

October 8th, 2010

Results published today by the Canadian General Freight Index (CGFI) indicate that the trend of increasing ground transportation rates continued through the July 2010 period.

Overall Freight Costs increased by 3% in July when compared to June. Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, also increased by 3.2% while Average Fuel Surcharges decreased slightly 13.42% of Base Rates to 13.13% during the same period.

“The information provided by the CGFI continues to indicate that we reached a floor in transportation costs for Canadian Shippers in April of this year, says Doug Payne, President of Nulogx.  Since then we have seen 3 consecutive months of increases, led primarily by activity in both the Domestic and Transborder Truckload sectors”.

Click here to view July’s results.

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Nulogx Webinar Series: The Five Pitfalls Of A Managed Inbound Program – And How To Avoid Them

September 29th, 2010

A Lunch & Learn Webinar
Date: Thursday, October 14, 2010 12:00 PM – 1:00 PM EDT – Register Here

Many logistics leaders have implemented programs that shift the management of their Inbound freight from the Vendor to the Receiver. As a result they have lowered their costs, increased transportation capacity utilization, improved warehouse efficiency, and tightened up their overall supply chain.

However, such programs may not be as simple as they appear. With assistance from Nulogx, Tim Hortons has successfully implemented  an Inbound Logistics program. During the execution, numerous challenges rose that any company could face when implementing a similar program.

Join Nulogx and Tim Hortons as they discuss “The Five Pitfalls Of A Managed Inbound Program – And How To Avoid Them”. This will be an excellent opportunity to learn from their experience and gain further insights into the costs and benefits of such a program.

By participating in the webinar you will learn:

• What is an In-Bound program and what are the potential benefits?
• What are the 5 primary pitfalls associated with such a program?
• What can be done to avoid each of these pitfalls?
• What needs to be done to ensure a successful implementation?

Benefit from the experience of Tim Hortons who recently implemented an In-Bound program with the assistance of Nulogx, enabling them to:

• Take control of their inbound freight and design it to meet their needs
• Increase visibility to what is being shipped to them and how
• Separately manage the cost of goods  and the cost of transportation
• Maximize efficiency and save money

Participating in this webinar will be:

Host and Moderator

Lou Smylris, Editorial Director, Transportation Media

Speakers

Richard Zwolak, National Logistics Manager, Tim Hortons
Doug Payne, President, Nulogx
            
Don’t miss this chance to learn how you too can make a substantial impact on your organization’s performance.

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