All posts by : Vikram Malik

Posts by Vikram:

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  FedEx GRI 2025: Review rates and strategize to save money

  Posted on: 07 Oct 2024

  Trade disruptions globally are impacting the shipping industry. In addition, the three-day Gulf and East Coast port strikes are causing stress to shippers. As per the news, thousands of shipping containers were at the wrong ports. As a result, shipping carriers will take weeks to clear the cargo backlogs. The rise in inland transportation costs […]
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  How to receive refunds for late deliveries: ask Audintel

  Posted on: 23 Aug 2024

  Same-day and next-day deliveries are the accepted norm among online shoppers. Further, consumers expect multiple orders for a single delivery. Customers (46%) abandon shopping carts for long delivery times. As the demand for faster deliveries rises, businesses change to meet consumer expectations. There are many instances when packages arrive late. It causes consumer dissatisfaction, loss […]
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  Why incorporating GSR/MBG waiver in shipping contracts is a bad idea?

  Posted on: 06 Aug 2024

  On-time delivery of shipments is vital for shippers. Late parcel deliveries test a customer’s patience. At times, customer dissatisfaction leads to financial loss. With this in mind, shippers have a refund clause in their shipping contracts with the shipping carriers. Shipping carriers promise a refund for service failures such as late deliveries. Approved late delivery refund […]
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  Freight Audit and Payment: Best-recommended practices

  Posted on: 10 Jul 2024

  Over the years, the global Freight Audit and Payment market has been gaining momentum. According to the latest reports, the FAP market will grow by 2032 to US$ 3,147.1 million. Advancement in technology is one of the prime reasons for the growth. Logistic firms are spending more on technology than ever before. Moreover, companies are […]
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  Transportation Spend Management: What is its significance?

  Posted on: 14 May 2024

  U.S. businesses are troubled over the shipping disruptions due to re-routing from the Red Sea. Further, the drought in the Panama Canal is increasing the freight rates. In addition, it has caused a significant impact on global maritime freight transit time. U.S. container import volumes increased in March 2024 by 0.4% from February. Moreover, the […]
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  Freight Audit and Payment (FAP) for streamlining shipping costs

  Posted on: 28 Mar 2024

  The Freight and Logistics market in the US is the backbone of its economy. Increasing globalization and e-commerce growth are fuelling demand for efficient freight and logistics solutions. According to news reports, freight activity in the US is picking up after a two-year slump. Further, the United States Freight and Logistics Market may grow to […]
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  Reduce shipping costs of small parcel shipments seamlessly

  Posted on: 08 Mar 2024

  The postage charges of the U.S. Postal Service are rising, according to the latest news. USPS Ground Advantage service is one of the simplest, affordable ways of shipping small parcels. But, its prices have increased. Similarly, there is an increase in the prices of USPS Priority Mail® and USPS Priority Mail Express® services. Further, the […]
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  AI in Logistics and shipping: the focus of Manifest 2024

  Posted on: 28 Feb 2024

  Audintel’s team was excited to be a part of the convention at Manifest 2024 in Vegas. We had a chance to interact with global innovators, executives, investors, service providers of logistics tech, and supply chains. It was a great opportunity to network with the leaders of Fortune 500 companies. The recurring theme throughout the convention […]
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  Revolutionize Invoice and Payment Management: Audintel TSM

  Posted on: 05 Feb 2024

  In the fast-paced business world, the efficient management of vendor expenses is paramount for seamless operations. The end-to-end vendor spend process, known as the contract-to-pay or procure-to-pay process, presents significant complexities for companies. The complexities include an intricate invoice approval workflow The process involves receiving invoices from suppliers, verifying, matching with the appropriate purchase request, […]
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  GRI 2024: Effects and comparison between FedEx and UPS GRIs

  Posted on: 14 Dec 2023

  The holiday season is here. It’s the time for shipping carriers to announce their General Rate Increase (GRI). Major shipping carriers like FedEx and UPS have already announced the GRIs for 2024. Well, what does this mean for e-commerce retailers or small companies? This blog will discuss the concept of General Rate Increase, its impact […]