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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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CGFI Freight Costs Remain Unchanged in February. Modest Drop in Base Rates Offset by Significant Increase in Fuel Surcharges.

April 27th, 2011

Fuel Surcharge TruckingResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers remained essentially the same in February when compared to January, while Fuel Surcharges assessed by carriers rose significantly during the same period.

The CGFI Total Freight Cost Index decreased by a nominal .1% in February when compared to January, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased 1.1% during the same period. The CGFI is still 2.3% above the April low point and 1.9% above last year’s result for the same period.

In February, Fuel Surcharges reached their highest point in over 2 years and averaged 17.4% of Base Rates, compared with 16.4% in January. “In February overall freight costs remained flat after successive months of decline,” commented Doug Payne, President & COO Nulogx. “The reduction in Base Rates was offset by increases in Fuel Surcharges, and with rising fuel prices we expect Total Freight Costs to increase in the near future,” continued Payne.

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Freight Costs Continue To Decline in January, CGFI drops a Further 0.4% in January, Fuel Surcharges continue to rise

March 30th, 2011

Kenworth TruckResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers dropped for the fourth consecutive month in December, while Fuel Surcharges assessed by carriers rose to the highest level in over 2 years.

The CGFI Total Freight Cost Index decreased by .4% in January compared to December, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased 1.5%.  The CGFI is still 2.5% above the April low point and 1.8% above last year’s result for the same period.

Notably, average Fuel Surcharges increased substantially for the fourth consecutive month from their September low of 13.0% to 16.3% in December.

“The increase in fuel surcharges is continuing to offset the decreases in base rates being charged by carriers”, commented Doug Payne, President & COO Nulogx.  “As fuel prices continue to increase we envision escalating transportation costs in the coming months for Canadian shippers” 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.

Top level information is available free of charge to those who sign up for our monthly newsletter.

To sign up now – click here.

To view the results before you sign up, click here.

More detailed information is also available to all Nulogx customers.

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Cost of ground transportation for Canadian Shippers dropped for the third consecutive month in December

February 27th, 2011

Domestic TruckloadResults published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers dropped for the third consecutive month in December, while Fuel Surcharges assessed by carriers continued to rise.

The CGFI Total Freight Cost Index decreased by 1.6% in December compared to November, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased 2.5%.  The CGFI is still 2.9% above the April low point and 1.5% above last year’s result for the same period.

Notably, average Fuel Surcharges increased substantially for the third consecutive month from their September low of 13.0% to 15.7% in December.

“In December we continued to see the cooling off of the Domestic Truck Load sector,” comments Doug Payne, President & COO Nulogx.  “However this was offset somewhat by a sustained increase in Fuel Surcharges and a surprisingly strong Domestic LTL result,” adds Payne.

According to Alan Saipe, President of Supply Chain Surveys, “While the price increases seen in the Domestic Truckload sector earlier in the year did not take, we are expecting that carriers will try again for rate increases in early 2011.”

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Freight Costs Cool in October – CGFI Drops .8% In October, But Fuel Surcharges Begin To Rise

January 5th, 2011

Results published today by the Canadian General Freight Index (CGFI) indicate that after several months of steady increases, the cost of ground transportation for Canadian Shippers dropped slightly in October.

The CGFI Total Freight Cost Index decreased by .8% in October compared to September, while the Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, decreased .92%.  The CGFI is still 7.5% above the April low point and 5.3% above last year’s result for the same period.

Notably, average Fuel Surcharges increased by 6% to 13.77% of Base Rates when compared to September results.  Fuel surcharges increased for the first time in 5 months, and are beginning to reflect the higher cost of diesel fuel for trucking companies.

“We are just starting to see the impact that higher fuel prices will have on shippers and trucking companies, and we expect to monitor this trend through the winter months” comments Doug Payne, President & COO of Nulogx.  “As for the slight decline in Base Rates, this is not unexpected given the consecutive monthly increases we have seen since last April,” adds Payne.

For full details on the CGFI please visit: www.cgfi.ca

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The Canadian General Freight Index posts 4th consecutive monthly increase in August

October 27th, 2010

Results published today by the Canadian General Freight Index (CGFI) indicate another increase in the cost of ground transportation for Canadian Shippers in August.

Overall Freight Costs increased by 1.5% in August compared to July, while Base Rates which exclude the impact of Fuel Surcharges assessed by carriers also increased by 1.7%. Average Fuel Surcharges remain unchanged after decreases in June and July.  This is the fourth consecutive monthly increase since the index reached a low point in April 2010.

“Increases in overall freight costs for Canadian shippers continue to be driven by the Domestic Truckload sector,” comments Doug Payne, President Nulogx.  “While Truckload is leading the way, we also now see a strengthening of the LTL and Transborder rates,” adds 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 at the CGFI website: www.cgfi.ca.

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Overall Freight Costs increased by 3% in July when compared to June

October 8th, 2010

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.

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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.

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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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