Freight Audit Services help in auditing the process which is essential for shipping companies. Shipping large volumes of goods at a fast pace and at less cost is vital for shipping businesses. Freight are shipments that weigh more than 150 lbs. Transportation of freight is a complex logistic process. Shippers have to pay freight bills to shipping carriers for freight transportation.
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When FedEx packages reach late, shippers receive flak for it. Most of the time, shipping carriers are responsible for the delay. Nevertheless, shippers can claim compensation for FedEx delays. But, they miss the deadline to claim a refund.
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Shipping carriers promise on-time parcel delivery. But, did you know that if a UPS package delivery is late, you can ask for a refund? Many business owners don’t realize this because UPS does not advertise this fact due to obvious reasons.
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In the U.S., Parcel deliveries get delayed by about 3-5% on average. Not to mention, 51% of the customers want a refund if a package arrives late. As a result, shippers face customer complaints that can affect their business in the long run.
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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.
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Customers expect shipment deliveries on time. If a delivery is delayed, customers may not order from the shipper again. Sometimes, they may not even raise a complaint but shippers may lose revenue and the trust of customers. Did you know that shipping carriers, such as UPS and FedEx, give a refund for late deliveries on request? If not, then read on and get to know about refunds given by FedEx, such as the FedEx Money-Back Guarantee.
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Optimization of parcel shipping costs is the goal of shippers. Data Analytics is helping shippers achieve this goal. Shipping contract negotiations help in getting the best rates from carriers. Similarly, new shipping software solutions give shippers insights to reduce parcel costs. In this blog, we will discuss the steps required to optimize shipping costs using data analytics.
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Shipping contract negotiations: What, are they? How to negotiate the best price from shipping contracts? A look at the best practices adopted by shipping companies.
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Shipping reports play a significant role in improving the shipping processes. They enhance shipping efficiency. Track parcel delivery in real-time. And lower overhead costs.
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Small parcel shipping charges are costly. For this reason, customers opt for products that have a “free shipping” tag. E-commerce giants like Amazon are cashing in on this term. As a result, to outdo their competitors, shippers need to control costs. This article addresses the different ways shippers cut parcel shipping costs using data analytics.
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There is an urgency to ship medical, protective, and cleaning supplies. E-commerce orders are piling up. There are chances of shipping and invoicing mistakes. A parcel audit is an essential feature when managing the shipping process. In this article, we will explore the concept of parcel auditing. We will also discuss why it is necessary for logistic businesses around the world.
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The freight audit software solution will help companies save costs incurred through invoices. This will, in turn, have a huge impact on their annual profits.
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Freight auditing is typically provided by an external audit company. They carefully inspect the carrier invoices and look out for all the inaccuracies in the carrier invoices. Inaccuracies can include billing errors, incorrectly classified shipments, unapplied tariff weight breaks.
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Late shipments are something that shippers should be paying attention to. Shippers have to take necessary action steps to improve their KPIs and cut down costs.
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