Reduce Freight Costs

KMP_2223-2.jpg
The cost of fuel is back on the rise, and freight costs are expected to rise in 2011. If you rely on freight shipping for your business logistics, you may want to consider how you can reduce freight costs.

The best way to reduce freight costs is by renegotiating your freight vendor contract with full information. If you use a corporate card, you can look through your transaction history or reports to see how much you’re spending on shipping. These reports can also show you how often you make shipments, and from there you can consider consolidating to fewer shipments if possible. If you have a scale in-house, you can weigh products before they are shipped, so you know what shipment bracket your goods usually fall under. Then, armed with this information, you can negotiate with the freight vendor to get a good deal for 2011 and keep shipping costs as low as possible.

Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry. 

SECURE PAYMENT CONCEPT

How to Combat Mail and Check Fraud with PEX Virtual Vendor Cards

A young man is at the bank counter, talking to his advisor. He's brought necessary files and he's listening to her explanations of lease requirements. They're smiling at each other.

How A Revolutionary, New Line of Credit Helps You Grow Your Business

Busines using a computer select the icon security on the virtual display to Data protection Cyber Security Privacy Business Internet, and Networking Technology concept.

The First Line of Defense Against Fraud Is You

Stay up to date on the latest PEX news!

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. (“Bank”). Bank is not responsible for the accuracy of any content provided by author(s) or contributor(s).