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.