Nulogx Inc.

Nulogx Inc.

October 16, 2009 14:00 ET

Nulogx Inc.: Canadian General Freight Index Falls 1.7% In July-Shows Decline In 6 of Last 7 Months

TORONTO, ONTARIO--(Marketwire - Oct. 16, 2009) - According to results published today by the Canadian General Freight Index (CGFI), the cost of ground transportation for Canadian Shippers has fallen for 6 of the first 7 months of 2009, declining a further 1.7% in July. In July 2009 over-the-road transportation costs have declined 15.6% when compared year over year, and 9.8% versus the end of 2008.

The year-to-date reduction in costs is the result of the combined impact of declining Fuel Surcharges and reduced Base Rates charged by carriers. In July, Base Rates had fallen 5.9% when compared to the end of last year, and 2.7% versus the prior month. The reduction in costs would have been even greater if Fuel Surcharges hadn't continued their recent upward movement, increasing by 10.5% in July to an average of 12.4% of Base Freight Costs. This level however is still lower than the 16.3% average experienced by Canadian shippers at the end of 2008.

The most recent results are available at the CGFI website:

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, President, Supply Chain Surveys, Inc., a long-time analyst and observer of the transportation and logistics industry. 

According to Saipe, "Cross border TL and LTL rates declined sharply in July, while domestic rates were more stable. The combined result maintained the downward trend in both rates and costs into July. Rate declines of this magnitude are not likely to continue. We expect freight costs will find a bottom in the fall of 2009 as the economy works its way out of recession."

About Nulogx;

Nulogx provides technology and services to improve the transportation process 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. 

About Dr. Alan Saipe
Dr. Alan L. Saipe is the President of Supply Chain Surveys, Inc a provider of management surveys and consulting services. He held academic appointments at York University, and the University of Toronto. He led the supply chain logistics consulting practice at KPMG Consulting. Today, his consulting services include Management Surveys & Benchmarking, Improving Operating Results, Senior Advisory Services and Mediation & Conflict Resolution.

Contact Information