High shipping costs can eat into your profit margins. Whether you are a small business or a large manufacturer, managing your freight spend is essential. Here are five simple strategies to help you save money without sacrificing service quality
1. Consolidate Your Shipments Instead of sending three small shipments, try to combine them into one larger load. Moving from Less-Than-Truckload (LTL) to Full Truckload (FTL) whenever possible significantly reduces the cost per pallet.
2. Optimize Your Packaging Shipping “air” is expensive. Use appropriately sized boxes and pallets to reduce the dimensional weight of your cargo. Smaller, denser packages lead to lower rates and less wasted space on the truck.
3. Embrace Off-Peak Shipping If your delivery window is flexible, try shipping on Tuesdays or Wednesdays. Most shippers rush to move freight on Mondays and Fridays, which drives prices up. Shipping mid-week can often secure better rates.
4. Audit Your Freight Bills Mistakes happen. Double-check your invoices for duplicate charges or incorrect weight classes. A simple freight audit can recover 2% to 5% of your total shipping spend.
5. Partner with a Reliable Broker A good logistics partner, like SBT Group INC, has access to a massive network of carriers. We use our volume discounts to pass the savings on to you.