CGFI Rate Decrease Slows in May
The May 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 0.29% in May when compared with April results.
The Base Rate Index, which excludes the impact of Accessorial Charges assessed by carriers, decreased by 0.3% when compared to April 2012.
Average Fuel Surcharges assessed by Carriers have seen a decrease from 22.4% of Base Rates in April 2012 to 22.1% in May 2012.
“We are experiencing a marginal decrease in base rates and a slight increase in accessorials, while fuel remained relatively flat.” said Doug Payne, President & COO, Nulogx. “It appears that marginal base rate gains in the domestic LTL & Truckload markets were offset by marginal decreases in the cross border LTL & Truckload markets.” continued Payne."
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