Running a manufacturing business or warehouse facility is not easy these days, but the benefits are many. For example, there’s no one looking over your shoulder and telling you what to do, and you’re not limited to the income you can make. However, you have major expenses to deal with like truckload freight fees. When you can lower this cost, you stand to make much more profit. Here are some helpful cost-cutting tips to save you money.
Check with More than One Carrier
Perhaps you have a long business relationship with one carrier. You’ll enjoy advantages with this strategy, but there are some downsides too. For example, when your carrier raises rates, you have to pay them, and it is often too late to change carriers when you have customers waiting for products.
If you haven’t checked with other carriers for some time, now is a good time to do so. In fact, you might find much lower truckload freight costs this way. However, you must exercise caution and make sure your new carrier has experience and a good reputation. In other words, the cheapest price is not always the best strategy.
Negotiate
Before you change carriers, ask your current carrier if they can give you a better deal. If you do a lot of business with one company, they don’t want to lose you as a customer, and they might lower your truckload freight costs.
Consider a Good Freight Broker
Checking with multiple carriers and negotiating with shipping companies are great cost-saving strategies. However, they take time and effort, and a trusted truckload freight broker can do all this hard work for you. Your broker is there to save you money on shipping costs and has many contacts in the freight business. He or she is one of your most valuable business partners.
