Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 1.62% in May, as compared with April results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.38% in May.
Average Fuel Surcharges assessed by Carriers decreased this month. Fuel was 10.47% of Base Rates in May versus 12.63% in April.
“Total Freight Costs decreased by 1.62% from last month driven by a decrease in fuel charges. This is the largest month over month decrease since September 2017,” said Doug Payne, President & COO, Nulogx. “Base Freight costs increased by 0.38 %. Total freight costs declined in all sectors except Cross Border LTL. Year over year, Cross Border LTL remains significantly above last years level. Domestic LTL is above last years level while Total Domestic and Cross Border LTL is below last year,” 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.
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