• FREE RESOURCES
        • Accounts Payable
          Finally! The trick to securing greater T&E compliance
          Benefits
          Rooting out folks who don’t belong on your health plan: A 6-point dependent audit checklist
          IT
          3 costly misconceptions about biz email compromise
          Credit and Collections
          Collecting via email: 4 must-make moves in your subject line
          Accounts Payable
          5 Tough-to-spot signs that an invoice is fake
  • PREMIUM CONTENT
        • Staff management
          120 Proven Communications Tips for Today’s CFO
        • Payroll
          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
          Accounts Payable
          T&E Best Practices: Complete Guide to Ensure Compliance
          Payroll
          Payroll Best Practices: 4 Ways to Save Time and Money
        • Staff management
          Email Best Practices: A 6-Question Quiz
          Staff management
          Innovative Communications Strategies: An Email Case Study
          Staff management
          A 5-part Framework for Successful Workplace Communications
        • SEE MORE
          PREMIUM RESOURCES
  • CORONAVIRUS RESOURCES
  • LOGIN
  • SIGN UP FREE

CFO Daily News

  • FREE RESOURCES
        • Accounts Payable
          Finally! The trick to securing greater T&E compliance
          Benefits
          Rooting out folks who don’t belong on your health plan: A 6-point dependent audit checklist
          IT
          3 costly misconceptions about biz email compromise
          Credit and Collections
          Collecting via email: 4 must-make moves in your subject line
          Accounts Payable
          5 Tough-to-spot signs that an invoice is fake
  • PREMIUM CONTENT
        • Staff management
          120 Proven Communications Tips for Today’s CFO
        • Payroll
          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
          Accounts Payable
          T&E Best Practices: Complete Guide to Ensure Compliance
          Payroll
          Payroll Best Practices: 4 Ways to Save Time and Money
        • Staff management
          Email Best Practices: A 6-Question Quiz
          Staff management
          Innovative Communications Strategies: An Email Case Study
          Staff management
          A 5-part Framework for Successful Workplace Communications
        • SEE MORE
          PREMIUM RESOURCES
  • CORONAVIRUS RESOURCES
  • Accounts Payable
  • Credit and Collections
  • Payroll
  • Accounting
  • Benefits
  • Finance Technology
  • More
    • Employment Law
    • Strategy
    • Policy and Culture
    • Fraud
    • Payments and Transactions
    • Budgeting and Forecasting
    • Banking
    • Staff Management
    • Cost Control
    • Supply Chain
    • IT

Keep customers happy: How to save on shipping without jacking your prices

Jared Bilski
by Jared Bilski
October 8, 2008
  • Accounts Payable
  • Banking
2 minute read
  • SHARE ON

Rising transportation costs are hitting businesses, and the inflated shipping costs are too great for many companies to shoulder. But if you think the only move is to bump up prices, think again.

Higher shipping costs make companies feel cornered. Raising costs for customers will provide some relief, but it will also make you less competitive. Many companies try to take the pricing hit on the chin and struggle to stay afloat.

Here are five strategies geared toward cutting shipping costs — without jacking prices:

  1. Plastic payments. Certain business credit cards offer sizeable discounts. Example: Advanta business cardholders can save up to 25% using DHL standard delivery rates. Another plus: Certain cards — like American Express — grant rewards like cash back, flier miles and 5% savings on FedEx’s express and ground shipping, among others.
  2. Electronic postage. Using online postage providers such as Click-N-Ship or Stamps.com can net you a decent rate reduction — 3% for Express Mail; and an average 3.5% on Priority Mail. Online postage providers also offer greater discounts for larger shipments — though most charge a small monthly fee.
  3. Fulfillment services. If you have customers in Canada but lack a distribution partner, there are companies like eFulfillment and Amazon.com that will store your inventory for a monthly fee. This helps skirt the expensive costs associated with international shipping duties, customs brokerage fees, etc.
  4. Business and trade organizations. Chambers of commerce and industry associations will often grant shipping discount programs to members. Members of The National Association of Manufacturers, for example, can receive up to a 62% with FedEx Freight. For companies with significant shipping orders, the discounts greatly outweigh the membership charge.
  5. Delivery consolidation. Save money by making sure delivery trucks are filled to the brim. If your trucks have 20% or more of leftover space, outsourcing the shipping helps to spread out some of the cost.

Keep Up To Date with the Latest Finance News

With CFO Daily News arriving in your inbox, you will never miss critical stories on accounting, benefits, payroll & employment law strategies.

Sign up for a free CFO Daily News membership and get our newsletter!
  • This field is for validation purposes and should be left unchanged.
CFO Daily News Logo
  • ABOUT CFO DAILY NEWS
  • ADVERTISE WITH US
  • WRITE FOR US
  • CONTACT
  • Accounting
  • Benefits
  • Payroll
  • Policy and Culture
  • Employment Law
  • Fraud
  • Finance Technology
  • Accounts Payable
  • Credit and Collections
  • Strategy
  • Payments and Transactions
  • Budgeting and Forecasting
  • Banking
  • Staff Management
  • Cost Control
  • Supply Chain
  • IT

CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.

Privacy Policy Terms of Service
Copyright © 2021 SuccessFuel

WELCOME BACK!

Enter your username and password below to log in

Forget Your Username or Password?

Reset Password

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

Log In

preloader