TORONTO, ONTARIO–(Marketwire – Oct. 28, 2009) – Results published today by the Canadian General Freight Index (CGFI), indicate that the steady decline in the cost of ground transportation for Canadian Shippers appears to be slowing down. The August General Freight Index results produced a small 0.2% decrease from the prior month.
At the same time Fuel Surcharge as a percentage of Base Freight Costs is trending upwards, increasing 2.8% month over month, and 17.1% in the last three months, though still 55.1% less than one year ago. The Base Freight Index was also down month over month with the 4 month moving average showing a small 1.5% decline in August.
The most recent results are available at the CGFI website: http://www.cgfi.ca/
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, President, Supply Chain Surveys, Inc., a long-time analyst and observer of the transportation and logistics industry.
According to Saipe, “Freight rates were only down slightly in August, while fuel costs and surcharges continued to rise. We may be near the end of the decline in general freight costs, which have fallen 15.8% since July 2008. We expect that as the economy strengthens, the costs of ground transportation will start to increase again.”
About Nulogx;
Nulogx provides technology and services to improve the transportation process and reduce costs. With an ability to offer the combined value of a best-in-class TMS Application, expert Managed Services, and the largest Freight Audit and Payment service in Canada, Nulogx can provide unprecedented value to North American shippers by improving freight planning and management processes, delivering robust business intelligence in actionable management reporting formats, and providing cost effective alternatives to managing transportation tasks.
About Dr. Alan Saipe
Dr. Alan L. Saipe is the President of Supply Chain Surveys, Inc a provider of management surveys and consulting services. He held academic appointments at York University, and the University of Toronto. He led the supply chain logistics consulting practice at KPMG Consulting. Today, his consulting services include Management Surveys & Benchmarking, Improving Operating Results, Senior Advisory Services and Mediation & Conflict Resolution.
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According to results published today by the Canadian General Freight Index (CGFI), the cost of ground transportation for Canadian Shippers has fallen for 6 of the first 7 months of 2009, declining a further 1.7% in July. In July 2009 over-the-road transportation costs have declined 15.6% when compared year over year, and 9.8% versus the end of 2008.