Posts Tagged ‘canadian shippers’

Cost of ground transportation for Canadian Shippers increased slightly during the first 6 months of 2010.

September 1st, 2010

Canadian Freight Index 2010Results 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.”

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Overall Freight Costs increased by 3% in May when compared to April

August 6th, 2010

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!

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Overall freight costs decreased by 2.6% in March when compared to February

June 9th, 2010

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.


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The Canadian General Freight Index Shows Volatility in February

April 29th, 2010

freight costsResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased 1.6% in February, offsetting a similar decline in January.

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.

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The Canadian General Freight Index Declines Slightly in January

April 7th, 2010

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.

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Canadian General Freight Index (CGFI) hailed “leading edge” at this year’s 23rd Annual Conference on Transportation Innovation and Cost Savings.

November 25th, 2009

SPECIAL REPORT: 23rd Annual Conference on Transportation Innovation and Cost Savings
Lean and green logistics front and centre  for supply chain professionals

By JACK KOHANE
November 9, 2009

Here is an excerpt from Mr. Kohane’s recent Special Report hailing CGFI as “leading edge” at this year’s 23rd Annual Conference on Transportation Innovation and Cost Savings.

CGFI OverallNew and leading edge at this year’s conference was the Canadian General Freight Index, just launched by Nulogx Inc., a Toronto-based transportation management solutions company. Scott Irvine, the company’s vice-president of business development, said that the CGFI is the one index that tracks freight prices in Canada. “It is generated from a database of over three million truck freight transactions and $1 billion in spend,” he said. “Results include data from over 100 operating entities and almost 1,000 carriers. Its benefits are that it can help you compare your company to the market out there.”

According to Mr. Irvine, the strengths of the CGFI (www.cgfi.ca), which was developed with the assistance of Dr. Alan Saipe of Supply Chain Surveys Inc., are that its information is reviewed monthly for validity and customers can contribute data in exchange for detailed analysis. Although the public has access to high-level information, Nulogx customers receive more detailed analysis in exchange for contributing their data to the index.

Its limitations, Mr. Irvine noted, include: the information is restricted to “general over-the-road freight”; it excludes bulk, liquid and other specialty transportation services; and it does not separate the contract versus the spot markets.

Overall, the CGFI (published the last Wednesday of every month) is a useful tool that can be used to benchmark performance, develop operating budgets, and assist in negotiating agreements, Mr. Irvine touted. “It enables buyers and sellers of transportation to make important decisions based on facts not previously available. It offers a good statistical estimate of actual market behaviour, highlighting changes in the prices paid for freight transportation by Canadian shippers.”

The Full Article can be read here:  SPECIAL REPORT: 23rd Annual Conference on Transportation Innovation and Cost Savings

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