The View Through the Telescope: A Magnified Look into Carrier Surcharges
Imagine you’re in your backyard, lying on a blanket in the grass or sitting on a porch, looking up into the night sky. There are stars, a planet or two – maybe a meteor streaks across the sky. Now, imagine that you are looking at all of this through a telescope; details become finer and you’re able to see everything with a clearer, more precise view.
Similar to a view through a telescope, the VeriShip Intelligence Platform allows you to view surcharges that the carriers are hitting you with and how much they charge you when doing so. The VIP is a cloud-based software that cleanly displays billions of data points into an intuitive dashboard enabling shippers to access in-depth parcel shipment information and easily manipulate that data through a robust reporting engine.
With UPS & FedEx both raising their rates by an average of 4.9%, increased surcharges such as additional handling, overages on maximum limits and signature requirements will likely have an impact on shippers of all sizes. 4.9% might be the quoted increase for their rates, but statistics from the past few years both show that the “4.9%” is a different number altogether.
The average effective increase is 6.2% across all companies that VeriShip currently works with, further enhancing the value VIP offers through visibility for shippers and identifying new savings opportunities.
There are other instances where UPS has hit their customers with surcharges and new fees that were difficult to notice unless customers had a detailed review of their shipping profile. Without the VIP, 54% of UPS customers, that currently work with VeriShip, wouldn’t recognize where the carrier was applying new fees – showing how valuable parcel intelligence can be.
The VeriShip Intelligence Platform provides data driven parcel analysis to help you make the best decisions for your shipping profile and bottom line. This digestible reporting gives you a competitive edge by providing you not only with the best data to make informed decisions about your internal operations, but to also gain visibility and efficiency into their third party shipping processes.
So, the next time that you are looking at the night sky and you are wondering whether you’re staring at a planet or a star, give yourself the opportunity to make the best informed decision.
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