Topics: Carrier Negotiations
There was a little extra excitement around this quarter’s report. And, as if an early Christmas present to me, it didn’t disappoint. The second quarter 2019 results were released after the markets closed on Tuesday, December 18th and included some familiar language.
In the Nov/Dec issue of Parcel Magazine, Andrew Brueckner, Chief Customer Officer at VeriShip provides valuable insight about how important it is for shippers to understand their shipping profile, because the carriers most certainly do.
If you’ve been with your parcel carrier – either FedEx or UPS – for a while, chances are you’re not getting the best rates. But you can change that calculus if you’re willing to engage their competition, even if you’re not sure you’d be willing to switch.
FedEx is shipping more packages and charging more than ever to do it. FedEx announced its fiscal revenue was up 7.9% at $65.5 billion over FY 2017, and revenue was up 9.1% at $17.3 billion for the fourth quarter. It was another record earnings report, a year-by-year trend we’re getting used to.
A strike in 2018 would be at least as catastrophic for UPS and its customers while disrupting the economy; but there are steps you can take in the meantime to reduce your parcel risk.