CGFI Rate Decrease in July
The July results for the Canadian General Freight Index (CGFI) are out today. "The CGFI tracks changes in freight costs for Canadian Shippers. The index is published monthly and the results are based on a statistically valid sample of transactions taken from the Nulogx database of more than $750M in annual freight transactions." Tracking what shippers pay for freight will allow you, the transport company, to optimize and forecast future revenues.
"Results published today by the Canadian General Freight Index (CGFI) indicate that the cost of ground transportation for Canadian Shippers decreased by 0.5 % in July when compared with June results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, increased by 0.9% when compared to June 2012.
Average Fuel Surcharges assessed by Carriers have seen a decrease from 20.18 % of Base Rates in June 2012 to 18.8% in July 2012.
“The total cost decrease was driven by lower fuel costs while base rates actually increased.” said Doug Payne, President & COO, Nulogx. “However, base freight costs are down 3% from a year ago” continued Payne."
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