How To Reduce Freight Costs

Most of the manufacturers, wholesalers and retailers are mainly concerned with transporting products quickly and reliably to their customers. But shipping goods locally, cross-border, or internationally can be very complicated, especially if you don’t understand the shipping process well and the costs associated with it.

Sometimes, unexpected costs and delays can negatively affect your supply chain. Some of the most common shipping mistakes include not knowing different price structures, not understanding government procedures, and being unclear about the right carrier choice.

This guide will help you avoid these common shipping errors, reduce the expenses, and get your consignment to its final destination on time.

Sometimes allowing one carrier to handle all your freight shipments can make you vulnerable. Working with a proactive logistic partner can help you reduce expenses and improve productivity.

Inbound freight management enables you to have full control over consignments received, notice if there’s any damage to packages, and have improved inventory management.

Don’t estimate what the package weighs. Ensure you have a scale that will help you weigh the package accurately. If carriers reweigh the package and discover that the original estimate is inaccurate, they will charge you an extra fee.

If the packaging is outside stated parameters of height, width, and weight, the rate will increase. Most of the FTL and LTL companies focus on dimensional pricing system. You can change the packaging or add weight to the parcel to avoid extra charges.

Technology utilization will provide you with visibility into your supply chain, real-time data, and tracking capabilities.

Always ensure that you double-check your freight’s destination address on the bill of lading (BOL). Otherwise, your shipment may end up in the wrong place and cost you money and time tracking it down. Double-checking goods before they’re sent is very important.

Your company should assure your customers that the return policy is on their side. Lack of a properly planned and customized reverse logistics policy can increase distribution and storage costs, lead to poor customer experience, and even ruin your brand reputation.