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January 2014 was a record month. In fact, it was a month of records. The Canadian Freight Index rose to new heights, even higher than we saw in the record-breaking December 2013. January numbers surpassed December’s—increasing 43%! The company that compiles the index, TransCore Link Logistics, was surprised at these numbers stating that they are, “Never seen before highs in load volumes.”
And it looks like this is a reoccurring trend. For cross-border and inter-Canadian postings, Canadian and United States equipment-to-load ratio saw a 76% improvement. Combined data for both country’s loads for January have increased 50% year after year.
So what does this mean to you? Typically, when the Freight Index increases, it means industry rates are on the rise as well. But this doesn’t mean you have to incur an increase in logistic costs. At GX, we work closely with our clients and do everything and anything possible to reduce inefficiencies in their supply chain. We identify issues and turn added expenses into savings. And we can do this because we know this industry. We live it, we study and we can predict it. So you don’t have to.
If you’re worried about rising costs, you don’t have to be. Give us a call and we’ll see where and how GX can save you money.