CGFI Rate Decrease in June
The June 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 1.3 % in June when compared with May results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.95 % when compared to May 2012.
Average Fuel Surcharges assessed by Carriers have seen a decrease from 22.1% of Base Rates in April 2012 to 20.8% in June 2012.
“Looking back, total freight costs have now registered close to the same level as June 2011.” said Doug Payne, President & COO, Nulogx. “It appears that the combinations of downward pressures on Base rates are being offset by higher Fuel and Accessorial charges from a year ago.” continued Payne."
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