Shipping costs can be a significant drain on your bottom line, but cutting expenses doesn’t have to mean cutting corners. By adopting strategic practices and partnering with the right logistics provider, you can reduce freight costs while maintaining the quality your customers expect. Here are 10 actionable tips to help your business save money on freight.
1. Consolidate Shipments
Combining multiple shipments into a single load reduces transportation costs and minimizes handling fees. With Matrix’s LTL (Less Than Truckload) solutions, you can optimize freight space and save money without compromising delivery timelines.
2. Plan Ahead
Advance planning allows you to secure the best rates and avoid last-minute surcharges. Matrix’s technology-driven approach helps you forecast demand and schedule shipments efficiently.
3. Optimize Packaging
Reduce wasted space by using right-sized packaging. Smaller, denser loads are cheaper to ship and less prone to damage.
4. Leverage Freight Technology
Use transportation management systems (TMS) to identify cost-saving opportunities and streamline operations. Matrix’s advanced TMS offers real-time tracking, route optimization, and automated billing for maximum efficiency.
5. Partner With a 3PL
Working with a third-party logistics (3PL) provider like Matrix gives you access to a vast carrier network and better-negotiated rates, saving you time and money.
6. Negotiate Freight Contracts
Freight rates fluctuate, but long-term contracts with carriers can help lock in lower rates and avoid unexpected increases. Matrix ensures competitive pricing through strong carrier relationships.
7. Ship Off-Peak
Avoid peak shipping times when rates are higher. Shipping during off-peak periods can help you secure better rates and faster service.
8. Monitor Freight Classifications
Ensure your freight is classified correctly to avoid unnecessary costs. Misclassifications can result in higher charges or delays. Matrix’s expertise ensures proper freight classification and compliance.
9. Optimize Routes
Efficient routing minimizes mileage, fuel costs, and delivery times. Matrix uses route optimization technology to find the most cost-effective and reliable paths for your shipments.
10. Evaluate Carriers Regularly
Review carrier performance and costs periodically to ensure you’re getting the best value. Matrix’s carrier vetting process guarantees reliable service at competitive rates.
Conclusion: Save Costs Without Sacrificing Quality With Matrix
Lowering freight costs doesn’t mean compromising quality or reliability. By implementing these strategies and partnering with a logistics expert like Matrix Transportation Solutions, your business can achieve significant savings while maintaining excellent service.
Contact us today to learn how we can help you optimize your freight costs and streamline your logistics operations.