CGFI Remains Constant While Base Rates Decrease Slightly
Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers in September remained the same when compared with August results
However the Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers decreased by .1% for the same period. This was the first decrease in Base Rates since March 2011.
Offsetting the decrease in Base Rates were slight increases in both Average Fuel Surcharges assessed by carriers and Other Accessorial Charges. During this period the Fuel Surcharges assessed by carriers equated to 20.16% of Base Rates, up from 20.1% in August. The combined effect of lower Base Rates and higher Accessorial Charges resulted in no change in average transportation costs for Canadian shippers.
"The slight decrease in Base Rates was predominantly driven by reduced costs in the Transborder Truckload sector," said Doug Payne, President & COO, Nulogx. "Over the summer these movements were subject to significant cost increases and it is possible that these are easing somewhat" continued Payne.
For full details on the CGFI please visit: www.cgfi.ca
About the CGFI
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.