Posts Tagged ‘shipper’

Total Cost Increase Driven by Truckload (March 2017)

May 31st, 2017

cgfi-may

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.2% in March, as compared with February results.

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

Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 14.69% of Base Rates in March versus 14.80% in February.

“Total Freight Costs increased, driven by strong increases in the Domestic Truckload Costs. Cross Border and Domestic LTL Costs decreased while Cross Border Truckload had a marginal increase. This is the third straight month that Total Costs have increased driven by the Truckload 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 (November 2016)

January 25th, 2017

cgfi-jan15

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.8% in November, as compared with October results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 1.1% in November.

Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 12.67% of Base Rates in November versus 12.10% in October.

“Total Freight Costs decreased in November,” said Doug Payne, President & COO, Nulogx.  ”Cross Border LTL increased significantly, while the other sectors declined. Year over Year, Total Domestic Costs remain above last year’s level, and the Total Cross Border Costs are still well below last year’s Costs,” continued Payne.

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

Domestic Truckload Increases

March 30th, 2016

cgfi-march

Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.0% in January when compared with December results.

The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased 1.1% when compared to December.

Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 12.09% of Base Rates in January versus 13.03% in December.

“Overall, Total Freight Costs increased the first time since August of 2015,” said Doug Payne, President & COO, Nulogx. “The increase was driven by Domestic Truckload. Year over Year, Domestic LTL and Truckload remain in negative territory, while Cross Border Truckload and LTL are positive,” 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.”