Is your company overpaying the parcel carriers? Time to find out!

The recent general rate increase of 6.9% by FedEx and UPS has a significant impact on businesses. This increase will affect all companies that rely on parcel shipping to send their products to customers or suppliers. The impact of this increase will vary depending on the size of the business, the volume of packages they send, and the types of services they use.

For small businesses, the rate increase can have a significant impact on their bottom line. Many small businesses already operate on thin margins and may struggle to absorb the additional costs associated with the rate increase. In some cases, small businesses may need to pass the increased costs onto their customers, which can negatively impact customer loyalty and satisfaction.

Larger businesses, on the other hand, are better equipped to absorb the cost increases. However, it is important for them to monitor their parcel shipping costs closely to ensure that they are not overpaying for services and that they are getting the best value for their money. This is where access to parcel shipping data becomes extremely important.

Parcel shipping data, such as invoice data and transit data, provides businesses with valuable insights into their shipping spend. With this information, businesses can benchmark their current shipping costs and identify cost-saving opportunities. For example, they can analyze their shipping routes and determine if there are any more cost-effective options available. They can also review the types of services they use and consider whether they need to use expedited or guaranteed delivery options for all of their packages.

Having access to parcel shipping data also enables businesses to track the performance of their carriers. They can monitor delivery times, delivery rates, and other key metrics to ensure that their carriers are meeting their expectations. This information can be used to negotiate better rates and services with carriers and to make informed decisions about which carriers to use in the future.

In addition, businesses can use parcel shipping data to optimize their packaging and shipping processes. By analyzing their shipping data, they can identify opportunities to reduce the weight and size of their packages, which can result in lower shipping costs. They can also identify opportunities to reduce the number of packages they send, which can reduce both shipping costs and the environmental impact of their shipping activities.

Finally, access to parcel shipping data can help businesses to make informed decisions about their e-commerce strategies. For example, they can determine which products are most popular and where they are being shipped to. This information can be used to optimize their inventory management, product offerings, and pricing strategies.

In conclusion, the recent general rate increase by FedEx and UPS has significant implications for businesses. It is important for companies to monitor their parcel shipping costs closely and to have access to their parcel shipping data to identify cost-saving opportunities and make informed decisions about their shipping strategies. By using parcel shipping data to benchmark their current shipping spend and to identify cost-saving opportunities, businesses can minimize the impact of the rate increase and ensure that they are getting the best value for their money.

Lojistic's shipping analytics platform provides companies with a complete view of their parcel shipping activity, enabling them to make informed decisions and reduce costs. The platform integrates with major parcel carriers and their respective billing portals. By using Lojistic's platform for free, companies can see the full picture of their shipping activity, including shipping patterns, cost savings opportunities, and areas for improvement. The free invoice auditing tool, for example, ensures that all invoice errors made by the carriers (which happens often) are rectified; a downloadable report enables company leaders to chase the refunds themselves, or they can hire Lojistic to retrieve refunds.

Lojistic's platform offers a user-friendly interface and the support of a team of experts who are dedicated to helping companies optimize their shipping activity. The platform acts as a centralized location for all shipping data, eliminating the need to manually gather information from multiple parcel sources and the cumbersome activity of loading data into the platform. To avoid missing out on refund opportunities and to ensure shipping spend is optimized on a consistent basis, companies should regularly monitor their parcel shipping expenses and track missed service guarantees.

Using Lojistic's shipping analytics platform for free is a smart investment for any company looking to reduce parcel shipping costs and improve their overall shipping performance. The platform provides a complete view of shipping activity and powerful analytics to help companies make informed decisions.