Found in 247 News & Content,
with a score of 2.85
…pandemic has no end in sight. In fact, we recently reported that industry experts predict e-commerce will spur global parcel shipments to record volumes—doubling to 240 billion between 2020 and 2026. These extraordinary numbers only lead to one question: How do global shippers need to adapt their fulfillment operations to accommodate this growth in years ahead? In this podcast, Ken Fleming, President and Chief Sales Officer of Logistyx, a leading provider of Cloud-based, multi-carrier parcel shipping software, joins Michael Levans, Group Editorial Director of Peerless Media, in a discussion that sets out to answer this pressing question.
Found in 247 News & Content,
with a score of 2.80
…businesses across the country continue to grapple with exploding parcel volumes and the complexity of managing multiple disparate carrier rate structures and systems. “In this new world of commerce, shipping has become even more critical as businesses compete for and serve clients remotely and connect with their vendors and suppliers,” said Jeff Crouse, Vice President at Pitney Bowes. “However, small and medium businesses in particular face an uphill challenge to manage rising costs, increasing complexity and growing volume of sending, which includes everything an organization sends out, from parcels and overnight envelopes to bills and statements” “In this new world…
Found in 247 News & Content,
with a score of 2.78
…that growth as the average daily volume for small parcels in the U.S. is expected to double by 2026,” said Raj Subramaniam, president and chief operating officer, FedEx Corp., in a statement. “Expanding our operations to include Sunday residential deliveries further increases our ability to meet the demands of e-commerce shippers and online shoppers.” This comes on the heels of a September 2018 announcement in which FedEx said that it was upping its FedEx Ground U.S. operations to six days a week from five. Company officials said at the time that this move was made in response to a combination…
Found in 247 Companies & Businesses,
with a score of 2.78
…of over $5 billion for small to large projects in a variety of industries, including e-commerce, distribution and fulfillment, parcel, third party logistics and outside integrators.
Found in 247 News & Content,
with a score of 2.76
Scaling parcel shipping, whether you’re a retailer, a manufacturer, or a 3PL, has traditionally been an intimidating challenge. Companies contract with one or two domestic carriers, and logistics teams manually enter orders into on-premise carrier workstations to produce carrier-compliant labels and documentation. This means as parcel volumes scale and demand for same-day and next-day delivery surges, companies are left with little ability to rate shop and even less ability to execute. And there’s no end in sight to this dynamic. As Bloomberg News summarizes in a recent article on the Amazon-FedEx delivery feud, “…the common features for all involved are…
Found in 247 News & Content,
with a score of 2.71
…a detailed overview of key trends and themes in parcel, express delivery, and last-mile logistics sectors. Topics covered included: Peak Season prospects; rates and pricing; current service levels; and Amazon's logistics growth, among others. John Haber is the president of the Parcel Business Unit of Transportation Insight a Hickory, NC-based multi-modal, lead logistics provider that partners with manufacturers, retailers, and distributors to achieve significant cost savings, reduce cycle times, and improve customer satisfaction rates through customized supply chain solutions. Prior to joining Transportation Insight, John was CEO and founder of Spend Management Experts, which was acquired by Transportation Insights earlier…
Found in 247 News & Content,
with a score of 2.66
…all three needs, manufacturers should consider a TMS for parcel solution. These systems give enterprises the ability to tap into a wide array of parcel carriers and services, increasing flexibility and greatly reducing shipping costs and the need for IT resources. But how do you know which shipping solution is right for you? One Platform, Many Processes Selecting a TMS for parcel solution for your business is a serious undertaking. After all, this system will touch countless processes in your organization – from customer service and the warehouse floor to financial administration and supply chain planning. Therefore, making an informed…
Found in 247 News & Content,
with a score of 2.65
…to dimensional weighing, regardless of the size of a parcel. Ground shipments, however, are only subject to dimensional weighing if the parcel is greater than 5,184 cubic inches in volume (three cubic feet). For both domestic air and ground shipments the dimensional-weight formula is the same: (Length * Width * Height)/194. For international shipments all freight is subject to dimensional weighing regardless of the size, but the formula uses a lower ‘dim factor’ of 166: (Length * Width * Height)/166. In addition to dimensional-weight charges, there are other size-related UPS and FedEx surcharges that have been announced by both carriers.…
Found in 247 News & Content,
with a score of 2.63
…Worldwide study, online shoppers reported how much they value parcel delivery transparency, with 40% stating they check on a parcel’s delivery status at least once a day, and 55% stating they expect an order’s status updates to be current as of a few hours. Don’t think this sounds like good news? Then you must not be leveraging a Transportation Management System (TMS) for parcel shipping. Manufacturers who have implemented a TMS for parcel shipping benefit from Control Tower functionality, which means they can provide shoppers with the transparency they value. The system will send early warning signs when there are…
Found in 247 News & Content,
with a score of 2.61
…eCommerce recognizes that e-commerce is not just about shipping parcels, adding that the e-commerce industry encompasses a continuous supply chain that begins before a consumer even goes online to shop. “It starts with helping our customers enable their website, through dialogue marketing and language translation,” he said. “When the consumer is ready to purchase, calculating the fully landed cost using DHL ICart coupled with our address hygiene solution results in a positive shopping experience. Utilizing regionalized shared use fulfillment and day-definite services will enable our customers to get their products to consumers quickly. Along the way, our customers will use…
Found in 247 News & Content,
with a score of 2.58
…to reduce CoD. The Complexities of Cost of Distribution Parcel shipping is experiencing strong – and accelerating – growth worldwide. Global package shipping grew by 48% between 2015 and 2017, and according to FedEx Corp. chairman and founder Fred Smith, B2C e-commerce sales are expected to reach $3.2 trillion by 2020. Global e-commerce sales are predicted to be even higher. This will translate into never-before-seen shipping volumes over the next couple of years. Adding another layer of complexity: same-day delivery. As of 2017, 51% of retailers offered same-day delivery service to their customers, and the same-day delivery market is expected…
Found in 247 News & Content,
with a score of 2.56
Logistics of Parcel Shipping Parcel shipping is hard. There’s a lot of “stuff” standing between your customers and their purchases, and the roller coaster of events that can take place between a carrier pick-up and delivery is enough to make the most seasoned customer service professional consider running for the door. Even harder: at the exact moment your parcel shipping is growing more complex, your competition is getting fierce. Today, there are zillions of buying channels your customers can access to purchase products just like yours, some of which offer myriad shipping options – often free of charge. This means…
Found in 247 News & Content,
with a score of 2.56
…inconsistent rates, tight capacity, and short delivery time windows. Parcel management has its own intricacies, such as factoring zones and dimensional weight into the price tag. Parcel Management Q&A with Christine Taylor Sr. Director, BD for US, Canada & LATAM MPO, a Kinaxis Company Q. Why is parcel gaining attention now? A. Shippers and LSPs want to streamline connectivity and communications with their parcel providers. Accurate rating is one of their greatest challenges. Throughout my conversations with logistics executives, they regularly cite carrier invoices returning with a higher fee than what was quoted. The inability to recoup these costs amid…
Found in 247 News & Content,
with a score of 2.55
…order matching are critical components in the realm of parcel shipping, offering a systematic approach to financial compliance and governance in order processing and delivery. GL Coding in Parcel Shipping GL coding, a fundamental aspect of accounting practices, involves assigning unique codes to different types of transactions to facilitate efficient tracking and management of finances. In parcel shipping, GL coding is instrumental in categorizing expenses and revenues related to various shipping activities. This process is vital for several reasons: Financial Clarity and Control: By applying specific GL codes to shipping-related transactions, companies can gain precise insights into their shipping costs.…
Found in 247 News & Content,
with a score of 2.54
Seven Days a Week Delivery When FedEx announced last week that it plans to launch residential delivery seven days a week for most of the United States, effective January 2020 in an effort to “further serve the fast-growing e-commerce market,” it was viewed as big news, and that very much remains the case just a few days later. It is hard not to see it any other way, it seems, given that the e-commerce clearly continues to take a lasting hold on how we shop, coupled with our heightened delivery expectations, too. That is far from new, but one cannot…