Parcel and Freight Auditing

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...

The transport of goods for U.S. businesses totaled $1.2 trillion in 2021, including $32.4 billion for ocean freight, $52.7 billion for air, $88.3 billion by rail, and $830.5 billion by road.  How big a slice is freight taking from your company’s budget? On average, transportation comprises 60% of the supply chain dollar. Even if you’re...

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...

Freight Audit Essentials: What Every Business Should Know No matter how big or small your business’s shipping needs are, it’s crucial to keep a close eye on your freight costs so that you can dispute any errors that may pop up and identify ways to make the most of your shipping budget.  You can do...

Understanding What to Look for In A Parcel Bill If you’re starting to get the feeling that UPS and FedEx are taking on the personalities of the Airlines and are charging fee after fee on top of the actual shipping charges, you’re right! Anyone who ships frequently with UPS or FedEx already knows how difficult...

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On Wednesday, April 5th, FedEx announced that they will be consolidating all their opcos (FedEx Express, FedEx Ground, FedEx Services, etc.) under the parent’s leadership umbrella, which is expected to be completed by June of 2024.  The operational efficiencies created by the mergers are estimated to save the company $4B in operating costs.  These savings...

Here's a question we get asked often: Are freight claims the shipper or receiver's responsibility? Let's explore. Editor's Note: This post has been updated with new links and content. Original Publication Date: April 19, 2013 If you are involved in logistics or related fields, or in an industry that depends upon logistics in order to...

Looking for ways to reduce shipping expenses but not sure where to start? Lojistic’s free cost savings automation and shipping analytics platform automatically identifies cost reduction opportunities  for UPS, FedEx and DHL shippers. Whether it's through Audit & Refund Recovery, optimizing Air vs Ground shipments, mitigating surcharges, getting better shipping rates, eliminating errors and overspend...