HICKORY, NC (September 28, 2020)– Peak season surcharges prompted by the global pandemic overlapping with a skyrocketing demand for online shopping is leaving many shippers lacking the visibility required to protect e-commerce profit on every shipment. At the same time, many experts are warning that peak surcharges may become the new normal. To help shippers control costs during these unchartered times, Transportation Insight® created a new guide, "Manage the Surge: Avoid Surcharge Shocks, Power Performance.”
This informative guide explores the how and why behind parcel carriers’ cost-recovery tactics. It offers solid strategies shippers need to implement in order to power a parcel program response that offsets these costs and protects their profits.
Transportation Insight Vice President of Parcel Operations Todd Benge says, “Surcharges have become commonplace in parcel transportation. Whether driven by global disruption or peak season volume, these costs add up quickly.” He adds, “Parcel pricing complexity can easily obscure these added charges. While the transportation cost increase can shock your bottom line performance, the strategies offered by Transportation Insight can help you avoid surcharge surprises and maintain profit margins.”
Benge says the crux of "Manage the Surge: Avoid Surcharge Shocks, Power Performance” is understanding that even though individual companies can’t control parcel carriers’ surcharges, they can minimize the budgetary impact with accurate shipping data, experienced logistics partners and quick responses to carrier announcements.
The guide details effective carrier surcharge management strategies and expounds on each. Topics cover analysis, auditing, best practices, cost-sharing and the importance of relationships. When it comes to applying these strategies, Benge notes that shippers do not have to go it alone. “Transportation Insight has the team, the tools and the technology to implement these strategies.
You describe your challenges and we put together a team to execute the appropriate strategies to overcome these issues.”
“Manage the Surge: Avoid Surcharge Shocks, Power Performance” mentions that many companies have the components needed to collect, assemble and review parcel program data. However, not everyone possesses the specific parcel expertise required to manage those elements, maximize service at optimal cost, and guarantee end customer satisfaction. Transportation Insight is able to collect enormous volumes of parcel data, digest and analyze that information into the most actionable information required to adjust supply chain operations before or after unexpected costs emerge.
Contact Transportation Insight parcel experts for a program assessment today, and learn more about a transportation management platform that evolves with the changing needs of business. To read an expert blog with more information and obtain access to download “Manage the Surge: Avoid Surcharge Shocks, Power Performance,” visit https://info.transportationinsight.com/blog/manage-surcharges.
Top Transportation Insight executives are now available for media interviews to discuss how parcel surcharges work, how they impact shippers’ bottom lines and how they can control these added supply chain expenses. For any media inquiries, please contact Ed Stevens, APR, at estevens@stevensstrategic.com or 440. 617. 0100 ext. 201.
About Transportation Insight, LLC
Transportation Insight is a multi-modal, lead logistics provider that partners with manufacturers, retailers and distributors to achieve significant cost savings, reduce cycle times and improve customer satisfaction rates through customized supply chain solutions. Transportation Insight offers a Co-managed Logistics® form of 3PL, carrier sourcing, freight bill audit and payment services, state-of-the-art transportation management system (TMS) applications, parcel technology platform (audit, engineering, advanced analytics) and business intelligence. The Enterprise Logistics division of the Transportation Insight Holdings, LLC, (TI Holdco) portfolio, Transportation Insight operates alongside transactional freight brokerage Nolan Transportation Group (NTG) to help client shippers engineer efficient supply chain networks. Combined, the $3.2 billion TI Holdco organization serves 7,000 clients with logistics management services that include domestic transportation (TL, LTL, Parcel), e-commerce solutions, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials including secondary packaging. Headquartered in Hickory, NC, Transportation Insight has secondary operating centers and client support offices across North America. For more about Transportation Insight, visit www.transportationinsight.com, email info@transportationinsight.com or call 877-226-9950.
