Strategies to deal with rising fuel costs
- Improve your shipment packaging. No matter what product your company ships, now is the time to re-evaluate your packaging. Many companies provide consulting services in this specific area and reduce shippers’ freight costs through either reductions in use of cardboard, or reductions in cubic space occupied – the key variable in Canadian freight costs.
Reassess your modal choice. If you are shipping your LTL or small parcel shipments by air, or expedited road, you may be able to save money by looking at alternative modes such as regular ground or even rail transport. It may be worth evaluating the possible cost savings by consolidating and shipping full loads versus LTL.
Benchmark your fuel surcharges. There are a wide variety of carriers who each charge a different amount for fuel surcharge, depending on the size of the shipment. Ask your MC Freight representative to analyze the carriers you are currently working with to see if you are paying too much for fuel, based on today’s market price.
These are only 3 simple strategies that can help your company reduce its overall freight cost. If you would like to learn more ways to save your company money in shipping, talk to your MC Freight representative today and ask them to perform an audit of your current freight bills, to show you where you could be saving money.