Canadian Freight Index Rises for 12th Time
The cost of ground transportation for Canadian shippers increased 0.8 percent in February over January’s results, according to results published today by the Canadian General Freight Index (CGFI).
This is the 12th consecutive monthly increase, bringing the CGFI 10 percent above March 2011.
The Base Rate Index also increased slightly, rising .5 percent over January’s result. Base rates have risen 4.4 percent since March 2011. (The Base Rate Index does not include accessorial charges.)
Avergage Fuel Surcharges have increased from 18.79 percent of Base Rates in March 2011 to 20.42 percent in February 2012.
“The CGFI has now hit a 10 percent increase milestone year over year” said Doug Payne, president and COO, Nulogx. “Yearly base rate increases appear to be sticking, while remaining increases are being spread across fuel and accessorial charges,” Payne summed up.
Nulogx Starts LinkedIn Group
This might be up your alley. Freight Cost Management is a new LinkedIn networking and discussion platform for those interested in reducing freight costs and improving transportation processes. Sponsored by the Canadian General Freight Index, the goal is to promote discussion and provide information on both freight cost reduction strategies and opportunities to improve transportation processes in general.
In order to fuel focused discussions, this group is restricted to those logistics professionals working directly with manufacturers, distributors, wholesalers, and other qualified shippers.
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