Posts Tagged ‘Canadian General Freight Index’

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Freight Cost Continues to Rise, CGFI Rises for 9th Consecutive Month in November

January 25th, 2012

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers  increased 1.6% in November when compared with October results. This represents the 9th consecutive monthly increase since March of 2011. During this time the CGFI has risen 7.1% in aggregate.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers increased by a modest .4% in November versus October. Since March of 2011 Base Rates have risen 4.3% in aggregate.

An increase in Fuel Surcharges assessed by carriers is the primary reason why Total Costs are increasing a a faster rate than Base Rates.   In November the Fuel Surcharges assessed by carriers equated to 20.86% of Base Rates, up from 18.79% in March.

“We are starting to see increases in some sectors that have been hit the hardest during the economic downturn” said Doug Payne, President & COO, Nulogx. “This may be a sign that we are seeing both an increase in demand as well as continued operational and pricing discipline from carriers” 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. For more information visit the CGFI website: www.cgfi.ca.

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Canadian General Freight Index – October 2011 Results

December 28th, 2011

CGFIThe Canadian General Freight Index (CGFI) has now published the results for October 2011.

Click Here to see the public results.

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. For more information visit the CGFI website: www.cgfi.ca.

As a member of the CGFI community your company can take advantage of access to this database to benchmark your company’s performance against the market. Please contact us for more information on how to gain access to this valuable service.

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Freight Cost Increases Stall In September, CGFI Remains Constant While Base Rates Decrease Slightly

November 30th, 2011

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers in September remained the same when compared with August results.

However the Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers decreased by .1% for the same period.  This was the first decrease in Base Rates since March 2011.

Offsetting the decrease in Base Rates were slight increases in both Average Fuel Surcharges assessed by carriers and Other Accessorial Charges.  During this period the Fuel Surcharges assessed by carriers equated to 20.16% of Base Rates, up from 20.1% in August.  The combined effect of lower Base Rates and higher Accessorial Charges resulted in no change in average transportation costs for Canadian shippers.

“The slight decrease in Base Rates was predominantly driven by reduced costs in the Transborder Truckload sector,” said Doug Payne, President  & COO, Nulogx. “Over the summer these movements were subject to significant cost increases and it is possible that these are easing somewhat” 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.  The most recent results are available (after registering) at the CGFI website: www.cgfi.ca.

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Freight Costs Continue To Increase For Canadian Shippers Canadian General Freight Index Rises .4% In August

October 26th, 2011

domestic truckloadResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased .4% in August 2011 when compared to July.

The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, has increased for 6 consecutive months including a .6% increase in August. However, Base Rates remain 4.8% below the same period a year ago.

Average Fuel Surcharges assessed by carriers increased from 19.0% of Base Rates in July to 20.1% in August.

“The trend toward marginal increases in Base Rates we observed last month has continued,” said Doug Payne, President  & COO, Nulogx. “although it is interesting to note that they are still significantly below prior year levels” continued Payne.

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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.

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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.

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Canadian General Freight Index Increases 1% in June – 4th Consecutive Monthly Increase

August 31st, 2011

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased again in June, the 4th consecutive monthly increase.

The CGFI Total Freight Costs Index rose by 1% in June when compared to May. The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, increased by 0.8% during the same period.

Notably, average Fuel Surcharges assessed by carriers declined for the first time in 8 months from 20.3% of Base Rates to 19.3%.

“We have now seen several consecutive months of increases in freight costs,” said Doug Payne, President & COO, Nulogx. “This is partially due to the effect of increases in Base Rates and the question remains whether this will continue in the future,” continued Payne.

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Freight Costs Continue To Rise, Fuel Surcharges Increase For 8th Consecutive Month

July 27th, 2011

CGFI

 

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased in May when compared to April due to increases in both Base Rates and Fuel Surcharges assessed by carriers.

The CGFI Total Freight Cost Index rose by 0.8% in May when compared to April, its 3rd consecutive monthly increase. The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, increased 0.4% during the same period. In addition, average fuel surcharges assessed by carriers increased from 19.9% of Base Rates to 20.3%.

Of note is that fuel surcharges increased for the 8th consecutive month, and have reached their highest point since November 2008.

“In May we saw the second successive month of increases in Base Rates,” commented Doug Payne, President & COO, Nulogx. “When added to the increase in Fuel Surcharges, this has a notable effect on ground transportation costs for Canadian shippers,” continued Payne.

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Freight Costs Increasing For Canadian Shippers

June 29th, 2011

Total Freight CostsResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased notably in April when compared to March due to increases in both Base Rates and Fuel Surcharges assessed by carriers.

The CGFI Total Freight Cost Index rose by 1.7% in April when compared to March, the largest 1 month gain since July 2010. The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, increased 1.1% during the same period. In addition, average fuel surcharges assessed by carriers increased from 18.8% of Base Rates to 19.9%, and contributed significantly to the rise in freight costs.

Of note is that fuel surcharges increased for the 7th consecutive month, and have reached their highest point since November 2008.

“Lately, increasing fuel prices have been the major factor affecting transportation costs”, commented Doug Payne, President & COO Nulogx. “However in April we saw a notable increase in Truckload Base Rates begin to contribute to this rise in freight costs” continued Payne.

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Fuel Prices Driving Freight Costs Higher. Increased Fuel Surcharges Offsetting Reductions in Base Rates.

May 26th, 2011

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased slightly in March when compared to February due to increases in Fuel Surcharges assessed by carriers.

The CGFI Total Freight Cost Index rose by .4% in March when compared to February, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased .7% during the same period. Offsetting the decrease in Base Rates was a significant increase in average Fuel Surcharges which rose from 17.4% to 18.8% of Base Rates.

Fuel surcharges increased for the 6th consecutive month, and reached their highest point in over 2 years.

“Increasing fuel prices continue to be the major factor affecting transportation costs”, commented Doug Payne, President & COO Nulogx. “While Base Rates are relatively stable to declining, increasing fuel prices are starting to have a real impact on shipping costs” continued Payne.

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