10 Sep Freight Rates Are Soaring. Save Money With SSI Freight Audits.

Posted at 22:11h in Freight Audit, Freight Bill Auditing, Freight Payment, Refund Recovery by

Freight rates are climbing fast and shippers are getting walloped.

Transpacific ocean freight rates are setting new records according to the Shanghai Containerized Freight Index (SCFI) at $3,758 per 40-ft container. In fact, this cargo rate is up 129 percent compared to Jan 1st and up 140 percent year over year (YOY). 1 Also, air freight spot rates from China to the US are up 18.4 percent compared to a month ago and up 35 percent YOY.2

Further, North American shippers are facing tighter capacity which is driving up truckload and LTL spot rates.3 The news is also worrisome for parcel shippers, as FedEx, UPS and the USPS have all announced substantial peak season surcharges.4

Collectively, these higher freight rates for air, ocean, trucking, and parcel are creating heartburn for many supply chain, operations, and e-commerce leaders as they worry how much more their freight spend will increase in the months ahead.

If rising shipping rates are squeezing your profitability, let’s talk. We can help you recover substantial refunds on your freight spend.

SSI FREIGHT AUDITS DELIVER VALUABLE SAVINGS

SSI provides global, multimodal freight audit services that catch freight and parcel billing errors. Better yet, our team collects the carrier refunds on your behalf, which allows you to focus on what you do best.

Wherever you ship in the world and across every mode of transportation, SSI can audit every freight bill in your supply chain to ensure you never pay more than you should.

YOUR BUSINESS MAY SAVE TENS-OF-THOUSANDS OF DOLLARS A MONTH

  • Up to an 8-to-1 ROI — our audits pay for themselves many times over

  • Comprehensive review of all freight charges and contractually guaranteed services

  • Customized to meet the unique needs of your global supply chain

  • Automated process scales and is flexible to adapt to supplier and carrier realignments

  • Data visualization dashboards empower you to analyze and optimize your freight spend

A key benefit of working with SSI is that our comprehensive freight audits check bills from thousands of carriers worldwide. Because our freight-audit expertise is broad and deep, SSI discovers thousands of erroneous or duplicative charges week after week for our customers.

ABOUT SSI

SSI transforms the complexity of freight audit and freight payment into cash savings and supply chain intelligence, providing actionable insights to maximize your profit potential.

  • Customizable solution scales with your growing and dynamic business needs

  • Automated freight audit drives savings to the bottom line

  • Cutting-edge data visualization facilitates analysis

  • Actionable business intelligence supports supply chain optimization and operational efficiencies

If fast-rising freight costs have you scrambling to save money, let’s talk. Fill out the form below and we will be in touch with you shortly.

1 Wackett, Mike. “Carriers Prioritize Transpacific Boxes Over Europe as Spot Rates Hit New Heights.” The Loadstar (9/4/2020)
2 Kulisch, Eric. “Asia Airfreight Rates are High and Climbing Higher.” American Shipper (9/6/2020)
3 Wolf, Connor D. “Freight Market Could Be Shifting in Favor of Carriers.” Transport Topics (9/3/2020)
4 Solomon, Mark. “FedEx Adds Peak Surcharge, Joining UPS and USPS.” Multichannel Merchant (8/19/2020)