July 18th, 2011
TORONTO, ONTARIO — Nulogx announced today the public release of its ‘Transportation Assessment’ service. This advanced tool enables shippers to benchmark their freight cost performance against the Canadian General Freight Index (www.cgfi.ca).
The CGFI is published monthly by Nulogx and is an important barometer of freight costs used by thousands of professionals across the transportation industry. The new Transportation Assessment service allows shippers to gain valuable insights into how their freight costs compare to the aggregated CGFI database .
“Now with only a one-month sample of shipments, we can prepare a customized report showing the variance to the market for total costs, base rates and fuel surcharges” said Doug Payne, President and COO, Nulogx. “We also have the ability to segment our analysis further to bring greater focus on the sources of the variances” added Payne.
“This is an exciting and innovative solution that we are now releasing to the public. Anyone looking for insights on how they may be able to improve their transportation processes should take advantage of this opportunity,” said Scott Irvine, VP Business Development, Nulogx.
For a limited time, Nulogx is performing these freight cost benchmarks for free to qualified shippers.
To find out more about this opportunity, follow the link below:
The CGFI is powered by Nulogx Inc, a leading Transportation Management Solutions company that provides information and services to strategically manage the transportation process and reduce costs. Nulogx’s unique approach of combining Managed Services with a best in class Online TMS Application and the largest Freight Audit and Payment operation in Canada allows us to offer exceptional value to customers. As a processor of over $750M per year in freight transactions and representing nearly 1000 carriers, Nulogx is positioned to offer both strategic and tactical solutions to its customers. The creation of the CGFI is one example of these capabilities.
The Canadian General Freight Index highlights changes in the prices paid for freight transportation by Canadian shippers. The index represents general truck transportation, and excludes bulk, liquid and other specialty transportation services. Based on the largest database of actual freight costs in Canada, the index is the most comprehensive and accurate assessment of this important economic indicator available today.