Posts Tagged ‘ltl’

Total Costs Decrease Marginally (September 2016)

December 1st, 2016

cgfi-nov

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.4% in September, as compared with August results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.5% in September.

Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 11.59% of Base Rates in September versus 11.94% in August.

“Total Freight Costs decreased marginally in September. The Domestic LTL increase was offset by decreases in the other segments. Year over Year, Domestic Costs are above last year’s level, and the Cross Border Costs are well below last year’s Costs,” said Doug Payne, President & COO, Nulogx.

For the latest results of the CGFI, please visit here: www.nulogx.com/cgfi/results/

Total Costs Remain Flat (July 2016)

September 28th, 2016

cgfi september

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by just 0.15% in July, as compared with June results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, was almost flat and increased by 0.06% in July.

Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 12.44% of Base Rates in July versus 12.19% in June.

“Overall, Total Freight Costs continued to be flat over the past few months. This is a similar pattern to the same period in the previous year, although overall costs are down by 7.7% from last July. Year over Year, Domestic freight costs are above last year’s level, while the Cross Border segments are below last year’s costs,” said Doug Payne, President & COO, Nulogx.

For the latest results of the CGFI, please visit here: www.nulogx.com/cgfi/results/

Total Costs Decline in April (April 2016)

June 30th, 2016

cgfi june 2014

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.6% in April, as compared with March results.

The Base Rate Index which excludes the impact of Accessorial Charges assessed by carriers was flat from March.

Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 10.88% of Base Rates in April versus 10.32% in March.

“Overall, Total Freight Costs declined marginally in April,” said Doug Payne, President & COO, Nulogx. ”Domestic Truckload and LTL were positive however the Cross Border Truckload and LTL showed a strong decrease. Year over Year, all segments (Domestic Truckload & LTL and Cross Border Truckload & LTL) are all below last year’s costs with Transborder being significantly lower,” continued Payne.

For the latest results of the CGFI, please visit here: www.nulogx.com/cgfi/results/

Base Freight Costs Increase, Fuel Decreases

October 28th, 2015

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased slightly by 0.1% in August when compared with July results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased 0.7% when compared to July.

Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 14.39% of Base Rates in August versus 14.88% in July.

“Although fuel costs are dropping, we saw an increase in the Base Rates,” said Doug Payne, President & COO, Nulogx. “Total Domestic and Cross Border Truckload had small increases off-set by decreases in Total Domestic and Cross Border LTL,” continued Payne.

For the latest results of the CGFI, please visit here: www.nulogx.com/cgfi/results/

The Canadian General Freight Index Increases in April

July 6th, 2010

Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers shows an increase in April.

“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.”