Rising Rates Means Raising Our Bar

According to the Canadian General Freight Index (CGFI), freight costs climbed 0.75% in November 2013 compared to October. While we want to say that this is just a one-off, one-month one-time increase, the fact is Total Freight Costs have been slowly increasing for the past four months.

Every sector is being affected by the increases – Domestic, LTL & Truckload, Cross Border LTL and TL. While the usual suspects — higher fuel prices and driver shortage — are the main culprits, an improving economy and supplier demand to receive goods faster are also causing rates to rise.

Here’s the good news: Just because industry rates are rising doesn’t mean your logistics costs will increase with them. We work with customers to ensure they get the most out of their logistics budget, no matter how big or small.

Here are a few ways we help your bottom line;

• Standardize and simplify your transportation management process.
• Analyze your freight data and make recommendations on how to save money.
• Audit and manage your freight invoices.
• Perform inventory management.
• Meet with your transportation providers on a regular basis and ask them for 3 ways that you can work together to reduce transportation expenses – if your current provider is not able to provide you with any cost saving solutions -find a carrier that will work with you to achieve the results you are looking for.

If you’re not already using GX as your transportation provider, doing so will not only help you to reduce your shipping costs, it will let you get back to focusing on your business.

http://www.nulogx.com/cgfi/results/?utm_source=January+2014+PUBLIC&utm_campaign=jan-cgfi-pub&utm_medium=email

http://cerasis.com/2013/11/14/logistics-costs/

http://blog.nulogx.com/tag/freight-index/

http://www.industryweek.com/logistics/supply-chain-logistics-are-your-logistics-partners-making-grade

http://www.industryweek.com/supply-chain?pid=INTLINK