Canadian General Freight Index Rises .4% In August
Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers increased .4% in August 2011 when compared to July.
The Base Rate Index, which excludes the impact of Fuel Surcharges assessed by carriers, has increased for 6 consecutive months including a .6% increase in August. However, Base Rates remain 4.8% below the same period a year ago.
Average Fuel Surcharges assessed by carriers increased from 19.0% of Base Rates in July to 20.1% in August.
"The trend toward marginal increases in Base Rates we observed last month has continued," said Doug Payne, President & COO, Nulogx. "although it is interesting to note that they are still significantly below prior year levels" 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.