International shippers are facing higher rates since the calendar flipped to July, as a September 2019 agreement among member countries of the 192-member Universal Postal Union (UPU) took effect, with the U.S.’s self-declared terminal dues rates going into effect for inbound letters and small parcels. Terminal dues are the fees that a national postal service is charged to have packages delivered in another country.
Managing cross-border shipping has many challenges. And controlling costs has always been top among them.
While the attention of the shipping and logistics industry — and the world as a whole — is focused on the impact of COVID-19, it is still essential to look both forward and backward to get a sense of the parcel shipping market.
Sure, it may not be back to “business as usual,” but it is still vital to track business and project for the future. That is why we were excited to see the detailed parcel shipping recap in this year’s “State of Logistics Report,” released by the Council of Supply Chain Management Professionals (CSCMP). Now in its 31st year, the report is researched and prepared by the consulting firm, Kearney, and sponsored by Penske Logistics.
As a loyal reader of Parcel Insights [you are a loyal reader, right?], you’ve read that Transtream’s cartonization capabilities can help reduce dimensional weight (DIM) fees in your packing costs as well as shipping waste. Perhaps, you’ve even watched one of our videos about cartonization. But as consumers increasingly associate sustainable packaging and packing with brand loyalty, it is more important than ever for businesses to consider how they present products and shipments in a way that meets their customers’ eco-friendly expectations.
Parcel Insights Digest: In this blog, Pierbridge takes an in-depth look at the ways shippers are saving money by using a multi-carrier shipping strategy, and how the right multi-carrier management solution can help them automate the process.
Almost all retailers felt the sting when the most significant eCommerce player began offering free, two-day shipping in 2005. Brick-and-mortar, as well as online retailers, have since then struggled to meet heightened customer delivery expectations while ensuring they don’t cut too far into their profit margins. Multi-carrier shipping solutions have allowed retailers to incorporate more delivery options into their online sales portal, leaving the choice of shipping cost and delivery speed up to customers. However, not all retailers offer this and find it hard to manage the cost of free shipping.
Recently, Inbound Logistics hosted a virtual Transportation Town Hall featuring leadership from several top technology companies, including Pierbridge, to discuss the impact of COVID-19 on the transportation industry.
Registrants received a survey before the Town Hall to not only guide the conversation, but to provide a more interactive and real-world view of what they are experiencing during this unprecedented time.
*UPDATE: Since first publishing this article a little more than a year ago, much has changed in shipping and logistics, including some new costs. Carriers are limiting shipments as they are overrun with demand from increased online shopping. Most recently, carriers have announced rate increases for deliveries to residential addresses in the wake of the stay-at-home orders during the COVID-19 crisis.
However, while some new and ongoing charges are unavoidable, there are others that can be mitigated, if not totally avoided. We thought a trip back to one of our earlier blogs could shed some light on ways to cut your shipping costs during the coronavirus crisis and beyond.
We have all heard the discussion about the new normal after COVID-19, filled with social distancing, face covers, testing, and eventually, a vaccine. However, businesses are also facing a new normal, and those that are quickest to adapt will be the ones to thrive. Be it continuing to have employees work remotely, such as Twitter, or growing the use of omnichannel shipping strategies to get parcels to consumers and businesses.
While omnichannel shipping is not a brand-new normal for retail, the coronavirus pandemic has accelerated the awareness and the adoption of the strategies as more consumers turn to online shopping. And, even as brick-and-mortar stores open in various phases of COVID-19 reopening plans, the way many will shop will continue to drive omnichannel shipping for retailers going forward.
Companies rely on software as a service (SaaS) apps. According to the 2020 SaaS trends report by Blissfully, the average small business uses 102 different apps, while each mid-market business employs an average of 137 apps. Enterprises have, on average, 288 different SaaS apps in usage across their businesses. Furthermore, the report said that SaaS app spending and subscriptions for all size companies are on the rise this year — and that was before more employees shifted to working from home offices due to the COVID-19 crisis.
Regardless of how tech-savvy employees may be, that is a lot of apps to learn, let alone master.
While there appears to be some light at the end of the tunnel as America slowly reopens, the impact of COVID-19 on transportation logistics is still being felt, and may be for years to come. From freight to last-mile local delivery, shippers and logistics professionals have faced unprecedented challenges over the past few months.
Recently, FreightWaves reported that national freight volume movement had nearly come to a halt toward the end of April, comparing the volume to that expected for a national holiday like Independence Day or Labor Day. In fact, a 2020 global survey by Statista showed that 73 percent of buyers and users of freight transportation and logistics services mentioned that the coronavirus pandemic had an impact on their logistics and supply chain operations.
The COVID-19 pandemic has left college administrators facing difficult decisions about whether to conduct classes online until they’re sure it is safe for students and faculty to return to campus life. Either way, there is likely to be a new normal of how physical mail and parcel shipments are processed by students and faculty from campus offices or from home work places scattered around the country.
Download this case study to learn how Colorado State University (CSU) turned to Transtream multi-carrier management solution to make shipping processes more efficient, cost-effective, and safe for its faculty and students, while enabling IT to easily implement the solution securely and quickly.