Results published today by the Canadian General Freight Index (CGFI) indicate that the Total Cost of ground transportation for Canadian Shippers decreased by 0.29% in February, as compared with January results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 1.59% in February.
Average Fuel Surcharges assessed by Carriers increased this month. Fuel was 14.04% of Base Rates in February versus 13.31% in January.
“Total Freight Costs decreased by 0.29% from last month driven by a decrease in the Domestic and Cross Border Truckload segments. Domestic LTL and Cross Border LTL increased marginally. Base Freight costs decreased by 1.59%,” said Doug Payne, President & COO, Nulogx. “Year over year, Cross Border LTL is above last years level while and Domestic Truckload, Domestic LTL and Cross Border Truckload are below 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.
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