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 CGFI report
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.
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.
Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased slightly during the first 6 months of 2010.
Overall Freight Costs increased by 1.8% from December 2009 to June 2010. Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, also increased by 2.2%. Average Fuel Surcharges decreased marginally from 14.7% of base rates to 13.4% which buffered the effect of the increasing Base Rates.
In addition, overall freight costs for June trended upward, increasing 1.9% when compared to May and 3.2% compared to April.
To register to receive the CGFI results – click here.
According to Dr. Alan Saipe, President, Supply Chain Surveys Inc.”"While rates continued to trend downward in the first quarter of 2010, we have seen two successive months of increases, which may indicate that we reached bottom in April although it is still too early to know for sure”.
“Most of the increases are in the Domestic Truckload sector,” says Doug Payne, President of Nulogx, “If fleet operators have eliminated their excess capacity they may now be looking to secure price increases in this more volatile market segment.”
What are the trends of Canadian freight rates in 2010? BNN discusses the country’s only transportation tracking index with Doug Payne, president, Nulogx.
Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers continued to increase in May.
Overall Freight Costs increased by 3% in May when compared to April. Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, also increased by 2.7% with Average Fuel Surcharges increasing by 2.9% from the prior month.
“Akin to April’s results, we are seeing increases in the truckload sector which is likely more sensitive to changes in capacity demand,” says Dr. Alan Saipe, President, Supply Chain Surveys Inc. “This could be an indication of what may come in the future for LTL rates.”
“With the continuous volatility in the rates, those in the transportation industry will need to be careful when planning ahead for 2011 and must consider all effecting factors before doing so.” Doug Payne, President of Nulogx.
Join Nulogx and SCL at our upcoming Breakfast Seminar September 14th to hear Dr. Alan Siape and other experts share their opinions on expected changes in transportation rates in the coming months.
Industry experts will discuss timely and valuable information for shippers, carriers and supply chain practitioners challenged with creating business plans for 2011 in these uncertain times. Join us to gain insight on the economy and its effect on the transportation industry and to learn how both shippers and carriers are planning for 2011 and steps you can take to prepare your company for these changes.
For more information on this exciting event click here
Click here to register today!
Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers shows an increase in April.
“The results show a definite increase in Truck Load rates – which is consistent with what we are seeing in the industry,” says Dr. Alan Saipe, President of Supply Chain Surveys, Inc, “Less than Truck Load appears to be staying flat.”
Overall Freight Costs increased by 3.9% in April when compared to March. Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, also increased by 3.9% with Average Fuel Surcharges also decreasing by 1.4% from the prior month.
“While we are seeing a clear increase in demand for truckload capacity, it is still too early to know for sure if the price increases seen in April is the start of an upward trend,” says Doug Payne, President of Nulogx.
Jason Granger, Transportation and Industrials Analyst at BMO Capital Markets, commented on the April CGFI index and said, “The difference between rate changes in the Truckload sector versus the Less-than-Truckload sector is consistent with industry reports we have heard from channel checks among carriers in both Canada and the U.S. It is also in line with our view that more capacity has exited the system in the Truckload sector versus the Less-than-Truckload space, leading to tighter industry conditions for Truckload carriers. We believe base rates are too low to be sustainable for both Truckload carriers and LTL carriers.”
Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers shows a slight decrease in March, which offset the increase seen in February.
Overall freight costs decreased by 2.6% in March when compared to February. Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, decreased by 1.9% with Average Fuel Surcharges also decreasing by 4.5% from the prior month.
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.
Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers decreased slightly in January.
Overall freight costs fell by 1.2% in January when compared to December. Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, fell 1.4% from December. Average Fuel Surcharges also fell .5% from 14.20% in December to 13.70% of Base Freight costs in January. Offsetting these declines were slight increases in Other Accessorial charges assessed by carriers.
To view the results, sign up online at http://www.cgfi.ca to receive the results to your inbox the last Wednesday of every month.
What do Canadian freight rates in 2009 tell us about the recession and the recovery? BNN discusses the country’s only transportation tracking index with Doug Payne, president, Nulogx.
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