One of the challenges of moving goods from one place to another is the freight cost. The charges continue to rise year after year. Those in the supply chain have an assumption that the situation is fixed.<\/span><\/p>\n Without exploring the available options for freight cost reduction, they will continue to contend with the high prices.<\/span><\/p>\n The American economy has a daily average of <\/span>49.3 million tons of freight<\/span><\/a>. In 2015, it was estimated to be worth $52.5 billion. The figures are expected to increase by 1.4 percent by 2045.<\/span><\/p>\n These figures show that transportation is a big industry in the world. It is for this reason that it is essential to look for ways to slash freight costs for more business efficiency. Here are 7 ways how this can be made possible using the latest technology.<\/span><\/p>\n If you are not sure which days are off-peak, Friday is a good starting point. It is an off-peak for consumer goods because many people want to have their products by Thursday. In so doing, they can shelve the commodities on Friday, ready for sale over the weekend.<\/span><\/p>\n Mondays are also slow days because carriers are trying to put their freight together. Nevertheless, this depends on the type of goods being shipped. Fresh products may not necessarily have off-peak days.<\/span><\/p>\n You can also consider night pick-ups. Most shippers close the dock by 6 pm. A carrier may turn down a pick-up offer at mid-afternoon because it coincides with another one. A later pick-up allows him enough time to make the delivery and load with your freight.<\/span><\/p>\n You are likely to pay less for the freight while helping the carrier maximize the utilization of assets.<\/span><\/p>\n You can consider combining your shipments with other shippers who have the same freight mass as yours. You get to share the costs for direct delivery, and everyone saves a certain amount. <\/span><\/p>\n Large shippers like CVS and Colgate have used this approach, and it works for them every time.<\/span><\/p>\n All you get to pay for is your share of the shipment. On the other hand, retailers receive goods in time and can keep the businesses open while cutting costs. Search for suitable shipping partners through the local Chambers of Commerce or <\/span>ComFreight<\/span><\/a> services.<\/span><\/p>\n Air freight has been a popular option for international freights. Have you considered if it is still the best transportation option? One of the reasons many shippers prefer to use it is its reliability.<\/span><\/p>\n Other freight options are also reliable yet cost friendly. Consider looking at the sea shipment services that are time-definite. They are gaining popularity and are as efficient as air freight.<\/span><\/p>\n Another option is to cover part of the shipment distance by air and the rest by sea or vice versa.<\/span><\/p>\nShipping During Off-peak Days or Hours<\/b><\/h2>\n
Use a Consolidation Program for Smaller Shipments<\/b><\/h2>\n
Utilize Sea or Land Freights Often<\/b><\/h2>\n
Improve Delivery Lead Times<\/b><\/h2>\n