Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 1.3% in July, as compared with June results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.2% in July.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 10.61 % of Base Rates in July versus 9.89% in June. However, the rolling 4-month average showed a drop from 12.12% to 10.9%, thus producing the overall CGFI decrease
“Total Freight Costs decreased by 1.3% from last month driven by volatility in fuel charges. Base Freight costs marginally increased by 0.16%,” said Doug Payne, President & COO, Nulogx. “Total freight costs declined in Domestic LTL, Domestic Truckload & Cross Border Truckload sectors, while Cross Border LTL showed an increase. Year over year, Cross Border LTL remains significantly above last years level, however, all other sectors are 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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