Over the past decade, UPS & FedEx have increased their Ground tariff rates 54.9% and their Air tariffs 61.8-66.1%. Those aren’t exactly small numbers. Adding insult to injury, these figures do not include the infamous Dimensional Weight pricing changes of 2011 and 2015… ouch! With the 2016 General Rate Increase right around the corner, equip yourself with these best practices to help mi...
Continue ReadingDec 03
2015
Sep 18
2015
FedEx Announces 2016 General Rate Increase
Posted: Sep 18, 2015
On Wednesday, September 16, FedEx announced its annual general rate increase (GRI). Effective January 4, 2016, rates will be impacted as follows: FedEx Express will see a 4.9% average increase for US domestic, export, and import services FedEX Ground and Home Del...
Continue ReadingSep 09
2015
Freight Audit Services: Learning About Standard Carrier Alpha Codes
Posted: Sep 09, 2015
The transportation industry devised the Standard Carrier Alpha Code (SCAC) system to help identify competing companies. Each SCAC identification code ranges between 2 and 4 alphabetical characters long. During the 1960s, The National Motor Freight Traffic Association developed the SCAC system in order to help convert their paper-based documents into computerized records. Freight carriers must u...
Continue ReadingJul 22
2015
Your Carrier Relationship, Your Parcel Audit, and You
Posted: Jul 22, 2015
Shipping costs are über-important. For an expense that makes up (on average) 10% of your top line, they definitely deserve your undivided attention. Maintaining a solid relationship with your carrier reps can lead to improved discounts, incentives, and more. No doubt you’ve worked hard to negotiate a competitive pricing agreement and it behooves you to protect aga...
Continue ReadingJul 09
2015
What Does Your Car Have To Do With Parcel Insurance?
Posted: Jul 09, 2015
Parcel insurance rates are on the rise, and they have been for years. In fact, in the past five years, parcel insurance rates have increased 38%. That’s a big number. And when compared to price changes of some common household items, the increase seems even bigger. Over the past five years, the average price of a new car i...
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