Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice.
In my last article, I detailed the need to consider add-on or accessorial carrier fees, not just base rates, to control shipping costs without sacrificing service. Still, downplaying the importance of keeping regular tabs on those base rates can wreak havoc on a shipper’s costs; they remain an incredibly important part of the equation.
As they struggle to control their shipping costs and retain razor-thin margins, many retailers today feel like they’re at the mercy of carriers, which are commanding record-high rates for their services.
Carriers have been able to escalate their rates to all-time highs for two main reasons: one, the ongoing, severe shortage of qualified drivers in the global shipping industry and, two, the exploding popularity of e-commerce among consumers across the world. (For the rest of the article click HERE)