Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers increased by 1.9% in February, as compared with January results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 1.1 % in February.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 17.35% of Base Rates in February versus 17.61% in January.
“Total Freight Costs increased by 1.9% from last month driven by an increase in base rates in February, despite a drop in fuel charges,” said Doug Payne, President & COO, Nulogx. “All sectors increased with Cross Border LTL rates increasing sharply for the 5th straight month. Year over year, Cross Border LTL remains well above last years level. Domestic LTL & Cross Border TL remain below last year, while Domestic TL is ahead of last years level,” continued Payne.
For full details on the CGFI please visit www.cgfi.ca.
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.
Nulogx provides technology and services to improve transportation processes and reduce costs. With an ability to offer the combined value of a best-in-class TMS Application, expert Managed Services, and the largest Freight Audit and Payment service in Canada, Nulogx can provide unprecedented value to North American shippers by improving freight planning and management processes, delivering robust business intelligence in actionable management reporting formats, and providing cost effective alternatives to managing transportation tasks.
About Dr. Alan Saipe
Dr. Alan L. Saipe is the President of Supply Chain Surveys, Inc a provider of management surveys and consulting services. He held academic appointments at York University, and the University of Toronto. He led the supply chain logistics consulting practice at KPMG Consulting. Today, his consulting services include Management Surveys & Benchmarking, Improving Operating Results, Senior Advisory Services and Mediation & Conflict Resolution.
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