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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 14^th 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!

Unlock the value hidden in your In-Bound Transportation

The Tim Hortons Case Study

A Free Lunch & Learn Webinar

Logistics leaders including the World’s largest consumer goods retailer, Canada’s leading automotive store, and one of the biggest home product suppliers have pioneered the implementation of In-Bound freight programs that shift control of managing shipments from vendors to their receivers. Why?  Simply put, these shipments are often optimized based on the needs of the vendor, as opposed to the receiver; who ultimately pays for the freight.  This can result in increased cost, lower capacity utilization, warehouse congestion and a slackened supply chain.

Those companies that receive large volumes of freight have the potential to unlock significant value by creating a “Managed In-Bound Program”.  When implemented correctly, these initiatives can result in significant transportation cost reductions and process improvements within a very short timeframe. 

This is your opportunity learn how to unlock the savings in your In-Bound freight by hearing how one of Canada’s leading companies successfully implemented their program, and perhaps more importantly, how they avoided the potential pitfalls.

Join our interactive webinar and learn;

• What is an In-Bound program and what are the potential benefits?
• Is implementing an In-Bound program the right thing for my company?
• What are steps to a well managed implementation?
• What is required to manage an In-Bound program on an ongoing basis?

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 Smyrlis, Editorial Director, Canadian Transportation & Logistics, Transportation Media

Speakers

Richard Zwolak, National Manager, Logistics Services, 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.

REGISTER NOW

Transportation Strategy: Planning for 2011 in Uncertain Times

Date: Tuesday, September 14th, 2010 – 7:30am -10:30am

Location:
Mississauga Convention Centre
75 Derry Rd    (view map)
Mississauga, ON
L5W 1G3

Cost: $20.00 for SCL members,
$30.00 for non SCL members: includes continental breakfast.

Join Nulogx and SCL for a Breakfast Seminar with a timely and valuable exchange of information for shippers, carriers and supply chain practitioners challenged with creating business plans for 2011 in these uncertain times.

This seminar is a must for those looking for economic and transportation rate forecasts from leading economics and logistics experts to incorporate into their business plans for the following year.  Also hear how shippers and carriers across Canada are accommodating this uncertainly within their business plans, and the steps they are taking to drive continued improvement in their operating processes.

Highlights of this session will be an interactive question and answer period with expert panelists and the opportunity to network with peers also navigating the ever changing economy.

Register Now

“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

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.

Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, also increased by 2.1% with average Fuel Surcharges increasing 1.6% from the prior month; both balancing similar declines during the prior month.

“February’s results are essentially at the same level as the last quarter of 2009 with less than a 0.5% overall variance“says Dr. Alan Saipe, President of Supply Chain Surveys Inc.

“These results confirm our opinion that rates are stabilizing within the marketplace as both shippers and carriers adjust to the current economic situation,” says Doug Payne, President of Nulogx.  “We expect that cost reductions resulting from market factors will become more elusive for shippers in the coming months” continues Mr. Payne.

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.

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