For companies trying to make a sale of their goods and services overseas, saving money on shipping expenses is a big thing. There are numerous ways that can assist a company in lessening the costs of freight shipping while increasing their profit and customer satisfaction at the same time.
If ever your shipping expenses are giving you a hard time to meet your target profit quota, you need to take note of some tips on how you can save money on freight shipping.
First is to select the most suitable mode of transportation. For your company to be efficient, it is your responsibility to know the different modes of transportation that is suited for your requirement. This will also be convenient for you in selecting and entrusting your goods to a specific carrier business.
Some of the models that are highly available today are air shipment, rail shipment. Over-the-road trucking, and ocean vessel.
Our second tip is to research a list of career companies and compare their rates. This will help you save money as you are assessing which ones are the least costly carrier service available or the expensive one.
Next is to be practical with your packaging materials. If your business is retail, you can reuse and recycle the packaging materials you get from your suppliers.
The fourth tip is consolidating your shipment. Do not send over multiple boxes to the carrier if it’s possible to pack them altogether and based on its weight and density.
Lastly, hire a freight forwarder. This is probably one of the most effective ways of reducing shipping costs. Freight forwarding companies have the knowledge and expertise in logistics that can help you in your business. They can also negotiate with their connections in carrier companies to give you the best rate for transporting your goods.
For more information, check out this infographic by Excelsior Worldwide Freight Logistics.
Apply these five tips in your shipping operations and freight services to ensure that you will be able to conserve your resources and ultimately increase your profit!