White Paper: 10 Ways to Gain Control of Your Shipping Costs Today
How did we get to this place where parcel shipping represents such a significant cost? First, parcel shipping in the US domestic and international export parcel markets now represents over $80 billion. About 36% is represented in the air parcel market, and 2%, (and growing rapidly), is the US air parcel export market.
For most companies, depending on their industry, the shipping cost typically represents anywhere from 3% to 7% of a company’s total revenue. With shipping prices, the rates increase every year. In the past few years we’ve seen these costs increase substantially, especially when it comes to ancillary fees and surcharges, and especially with parcel shipping.
The following are ten steps, recommended for every business to utilize and take control of shipping costs starting today.