Running a business can be a costly venture, especially with all of the salaries, rent, utilities, and taxes you have to pay. When you include the cost of freight shipping costs, it can usually take a large portion of your budget, even without the threat inflating prices. Finding simple ways to lower your shipping costs can save your company lots of time and money. Below, we have four ways to reduce and maintain your freight shipping costs.
- Know Your Transportation Options
Understanding your transportation options can open opportunities to find more cost-effective shipping solutions. There are three primary ways to ship cargo: ocean, air, and ground. Typically, ocean shipping is cheaper than shipping by air, especially when you are shipping internationally. Local goods are often less expensive when shipped by railroads, as opposed to using trucks. Additionally, finding the right mix of the three shipping options can lower costs and improve your delivery times.
- Consolidate Your Goods
The concept of consolidating your goods ensures that you can simultaneously send multiple shipments by consolidating smaller loads into larger shipments. Consolidating your interests can potentially reduce costs by up to 25% in comparison to other shipments. While it may take you more time, it’s a great way to help you save money and ship your products on time.
- Develop Relationships with Carriers
Developing long-term relationships with carriers can be an excellent solution for lower shipping fees. If carriers have relationships with other companies in your area, it can create an efficient network with fewer wasted miles. Additionally, as carriers continue to grow and onboard new customers, they can offer better rates to their longstanding customers. Logistics is an industry where relationships matter, and it’s crucial to develop relationships with people who can support your business.
How Sobel Network Shipping Co., Inc. Can Help You
Sobel Network Shipping Co., Inc. is an international freight forwarder specializing in creating simplified shipping solutions for companies trying to compete on a global level. Our consultative approach allows us to develop a logistics solution that fits the needs of your business. Contact Sobel today to learn how we can help.