6 Tips For Successfully Lowering Your Annual Ocean Freight Costs

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6 TIPS FOR SUCCESSFULLY LOWERING YOUR ANNUAL OCEAN FREIGHT COSTS.

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Transcript of 6 Tips For Successfully Lowering Your Annual Ocean Freight Costs

  • 6 TIPS FOR SUCCESSFULLY LOWERING YOUR ANNUAL OCEAN

    FREIGHT COSTS.

  • JOIN THE CONVERSATION ON TWITTER

    @XENETA_AS

  • ABOUTXENETA

    At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". Thats why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.

    With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution to these challenges.

    WE ARE TRANSFORMING GLOBAL LOGISTICS

  • ARE YOU PAYING THE RIGHT CONTAINER

    FREIGHT RATES?

    DISCOVER SAVINGS POTENTIAL IN REAL

    TIME.

    CONTACT US.

    http://www.xeneta.com/request-xeneta-demo

  • HERE ARE SIX SPECIFIC HINTS FOR MAXIMIZING THE AMOUNT OF

    CARGO SHIPPED PER BOX, WHICH MINIMIZES YOUR SHIPPING

    EXPENDITURES:

  • SHIP BULK ITEMS.

  • ITS NO SECRET THAT IN OUR CURRENT ECONOMY THERE HAS BEEN LESS DEMAND THAN SUPPLY. THIS SLIGHT SLUMP HAS DIRECTLY AFFECTED VARIOUS INDUSTRIES, THOSE WHO SUPPLY THOSE INDUSTRIES, AND THE REDUCED VOLUME OF BUSINESS DIRECTLY AFFECTS SHIPPING AND LOGISTICS.

  • POSSIBLY THEY CAN BE SHIPPED KNOCKED-DOWN AND RE-PACKED TO TAKE UP LESS SPACE, WHICH ENABLES YOU TO FIT MORE CARGO IN A 40 CONTAINER.

    IF SHIPPING THE SAME MIX OF CARGO ON A REGULAR BASIS, INVESTIGATE THE PACKING PLAN FOR HOW THE GOODS ARE PACKED INSIDE THE CONTAINER AND SEE IF A SCHEMATIC PACKING PLAN WILL ENABLE MORE GOODS TO BE SHIPPED WITHIN EACH CONTAINER.

  • ARE YOU PAYING THE RIGHT CONTAINER

    FREIGHT RATES?

    DISCOVER SAVINGS POTENTIAL IN REAL

    TIME.

    MATCH YOUR CARGO TO THE CONTAINER.

  • ONE SIZE DOES NOT FIT ALL. WEIGHT CARGO IS BEST SHIPPED IN A 20 CONTAINER; MEASUREMENT-BASED CARGO, IN A HI-CUBE 40.

    ITS IMPORTANT TO USE THE CONTAINER MOST APPROPRIATE TO YOUR CARGO AND NOTE THAT WHATS BEST FOR THE CARRIER OR NVOCC IS NOT NECESSARILY BEST FOR THE SHIPPER.

    HERE ARE SIX SPECIFIC HINTS FOR MAXIMIZING THE AMOUNT OF

    CARGO SHIPPED PER BOX, WHICH MINIMIZES YOUR SHIPPING

    EXPENDITURES:

  • SHIP A MIX OF WEIGHT AND MEASURED PRODUCTS WITHIN THE SAME BOX.

  • POSSIBLY THEY CAN BE SHIPPED KNOCKED-DOWN AND RE-PACKED TO TAKE UP LESS SPACE, WHICH ENABLES YOU TO FIT MORE CARGO IN A 40 CONTAINER.

    WEIGHT CARGO TAKES UP FAR LESS SPACE; ITS LIKELY THE CONTENTS OF A 20 BOX CAN BE SPREAD AMONGST 3 OR 4 40 BOXES ALONG WITH THE ALREADY-SCHEDULED MEASUREMENT-BASED CARGO.

    NOT SHIPPING THAT 20 BOX IS THE BEST SAVINGS OF ALL.

  • WHILE FUEL ISNT AS BIG A FACTOR FOR RAILWAY COSTS, IT DOES MAKE UP APPROXIMATELY 20 PERCENT OFTOTAL OPERATING COSTS, AND CONSTITUTES A MAJOR LINE ITEM FOR RAIL COMPANIES

    USE YOUR DATA BASE.

  • SEE HOW MANY 20 AND 40 CONTAINERS YOU SHIP MONTHLY, QUARTERLY, ANNUALLY TO WHAT DESTINATIONS, AND THEN TALK TO YOUR CARRIER.

    SHARING THIS INFORMATION WILL ENABLE THEM TO SCHEDULE THEIR EQUIPMENT TO BEST SERVE YOU AND IN TURN ALSO REDUCE THEIR PRICE ACCORDINGLY.

  • DOWNLOAD WEBINAR

    HOW TO BENCHMARK YOUR CONTAINER FREIGHT RATES &

    CHANGE YOUR LOGISTICS BUSINESS.

    http://www.xeneta.com/benchmark-container-freight-rates-webinar

  • TIE ANY FUEL ADJUSTMENT SURCHARGES TO THE PRICE

    OF BRENT CRUDE OR ANOTHER OIL-INDEXED

    EXCHANGE.

  • EVEN THOUGH THE PRICE OF OIL HAS HIT A HEAVY DOWNTURN, IT CAN BE SAID THAT, YOU CAN USE THAT TO GET THE SURCHARGE REMOVED.

  • BACKHAUL RATES.

  • THE MAJOR OCEAN FREIGHT TRADE LANES ARE CHINA-N EUROPE INBOUND AND CHINA-NORTH AMERICA INBOUND, WITH RESULTING CONTAINER AND FREIGHT RATE IMBALANCES.

    A LARGE-VOLUME SHIPPER CAN USE THIS TO THEIR ADVANTAGE, AS CAN SOMEONE INTERESTED IN INCREASING MARKET SHARE IN CHINA OR ASIA; THIS IS AN OPPORTUNE TIME TO APPROACH YOUR CARRIER ABOUT SOME VERY FAVORABLE OUTBOUND RATES.

    USE THE OPPORTUNITY OF REDUCED OUTBOUND RATES AS A TOOL TO BREAK INTO NEW MARKETS OR TO SPREAD YOUR MARGIN IN YOUR EXISTING ONES.

    DOWNLOAD WEBINAR

  • LEARN HOW XENETA CAN HELPYOU GET INSIGHT AND

    INTELLIGENCE INTO YOUR GLOBAL OCEAN FREIGHT PRICES AND CHANGE YOUR LOGISTICS

    BUSINESS:

    REQUEST DEMO NOW

    http://www.xeneta.com/request-xeneta-demo