As a business leader, have you fully accepted such simplicity in paying your organization’s expenses? The answer is probably “yes, but not always.” Chances are how you pay your FedEx and UPS invoices currently fall under the “not always” caveat. Instead, it’s done manually and ad hoc. But there’s good reason to change that. Here’s why automating your parcel bill payment makes sense.
Surging demand for e-commerce deliveries pushed UPS and FedEx to invest billions into upgrading their networks. A big part of that upgrade is overcoming the challenges of last-mile delivery.
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.
UPS quarterly results are in and Wall Street is happy with this earnings surprise. UPS earned $1.94 per share, beating Wall Street’s estimate of $1.93.
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.
Artificial intelligence is poised to transform the supply chain more than ever. But, it will be parcel intelligence companies that will provide the AI data and the ability to make sense of it.
Studies show that companies often lose on free shipping, particularly where it hurts: the bottom line. The reasons: inaccurate accounting of Cost of Goods Sold and the cost of "free returns."
