How to Reduce Shipping Costs

When the COVID-19 pandemic hit in 2020, it revealed that the global economy had some serious supply chain issues that needed to be addressed. The complexities of modern shipping and logistics became apparent to ordinary consumers, not to mention the businesses that were struggling to meet demand during that tense time. That said, the tools...

In the United States alone, cargo theft is estimated to cost $15 to $35 billion annually—and it’s on the rise. There was a 46% increase during the first quarter of 2024 compared to the same period in 2023. When your shipment hits foreign ports and borders, that potential multiplies. Plus, theft is just one category...

Freight shipping costs are complex on a standard level — requiring knowledge of certain fees, the time and ability to review contracts, and the wherewithal to negotiate with carriers. But add accessorial charges to that complexity, and shipping costs are enough to overwhelm any shipper.  Accessorial fees are important for shippers to understand so they...

Approximately 90% of all goods sold fall under the category of freight prior to reaching customers’ hands. That equals an endless number of data points and decisions along supply chains that affect the on-time, on-budget final delivery of each product.  Freight analytics helps businesses cut through the noise. The use of technology, including AI, to...

Freight contracts are the foundation of the logistics and transportation sector. They govern every detail of every shipment and protect parties throughout the supply chain. They serve as legal parameters for shipping relationships and payments, and they are fundamental for businesses managing risks and freight costs while ensuring the prompt delivery of goods to global...

If you think your hefty freight costs are doomed to stay sky-high forever, you’re in for a pleasant surprise. Freight costs account for up to 10% of total logistics costs. Many businesses assume their freight expenses are pretty much set in stone. However, a few easy adjustments could cut these costs by as much as...

In recent years, the freight and logistics industry has experienced continual and significant fluctuations. The lingering effects of pandemic-era shutdowns and scarcity continue long after the astronomical rates began normalizing again in 2022 and 2023. But, rather than hitting an equilibrium, excess carrier inventory led to continually falling rates throughout the last year, creating an...

Your product is the heart of your business, which makes your shipping and delivery system its vital pathways.  The data held within those pathways holds the power of logistical optimization—and it goes largely untapped by many organizations. Shipping data can illuminate opportunities for increased customer satisfaction, cost savings, workflow efficiencies, and more.  With thorough data...

Land, air, sea—the shipping networks sprawled across the world are what make it go round. As a business leader with cargo of your own, you’ll spend more time than the average person contemplating freight shipping logistics and rates. These rates can pack a punch—especially if you’re unfamiliar with the freight logistics territory. Fortunately, you can...

Parcel Auditing 101: Take Control of Your Invoices Shipping invoices frequently contain errors, and if you’re not analyzing yours for accuracy, you could be overlooking some serious savings. Smart businesses conduct regular parcel audits to optimize their shipping operations and ensure they’re not paying carriers a dollar more than they’re due.  Whether you send out...