It’s Triple Trouble for business owners in 2016. UPS, FedEx, and now USPS are at it again, bumping up shipping prices. While FedEx and UPS rates are reportedly up 4.9% this year, many shippers relying on USPS have seen rates soar to an average of 9.8% recently.
The net effect? Business owners are left with more questions than answers about how they will stay competitive this year and still meet customer’s expectations for inexpensive shipping.
Yesterday, ICC’s own CEO Tony Nuzio had the opportunity to weigh in on the issue in a Newsday interview with columnist Jamie Herzlich.
According to Nuzio, “The impact of the three major players increasing their rates is going to play havoc on businesses’ freight budgets.” “Businesses really need to understand what their shipping costs are, because it’s going to be taking a larger bite out of their sales dollar.”
Tony offered some helpful insights on how to ship smarter. He suggests that beyond renegotiating rates and terms, business owners should understand when the customer needs a shipment and then select the service that will get it there at the most reasonable price. “Don’t pay for Services that you don’t need.” He noted that many business owners pay a Premium when they could be saving with a different Service.
For the full article and all of Tony’s comments, go to:
Special thanks to Jamie Herzlich, who included Tony in her article.
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