TORONTO, ONTARIO–(Jan 27, 2010) – Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers in November remained virtually unchanged since the prior month.
Overall freight costs decreased by only .1% in November when compared to October. Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, fell 1.5% while Average Fuel Surcharges increased by 7.4% from the prior month; negating the benefit of the Base Rate reduction “After many months of steady decline it appears that we are entering a period of stabilizing freight costs” says Doug Payne, President for Nulogx. “Going forward we anticipate that further cost reductions for shippers will come from improved productivity, as opposed to the market forces that have been at work over the last 18 months.”
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.