Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers shows an increase in April.
"The results show a definite increase in Truck Load rates - which is consistent with what we are seeing in the industry," says Dr. Alan Saipe,President of Supply Chain Surveys, Inc, "Less than Truck Load appears to be staying flat."
Overall Freight Costs increased by 3.9% in April when compared to March. Base Rates, which exclude the impact of Fuel Surcharges assessed by carriers, also increased by 3.9% with Average Fuel Surcharges also decreasing by 1.4% from the prior month.
"While we are seeing a clear increase in demand for truckload capacity, it is still too early to know for sure if the price increases seen in April is the start of an upward trend," says Doug Payne, President of Nulgox.
Visit http://www.nulogx.com/cgfi/results/ to view the latest information details of the Canadian General Freight Index.
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. For more information visit 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.