Tips To Reduce Your Cost Per Mile
When you’re moving goods from one place to another, you have to be conscious of what you’re spending. A quote may sound good until you break it down per mile. The more you spend, the more money you lose out of your profits. You could also risk needing to raise the end-users costs, which is why it’s crucial to work on reducing your cost per mile.
COMPARE FREIGHT COSTS
Pricing can vary dramatically depending on the size and destination of your shipment. Often, the further it’s going, the more it’s going to cost. However, you don’t want to spend more on trucking rates per mile than necessary, so it’s essential to do some comparison shopping.
Intermodal shipping, for example, allows for multiple modes of transportation to be used to get your products where they need to go quickly and affordably. For national shipments, it may work best to use rail freight and trucking combined, whereas if it’s an overseas shipment, you may want to use ocean freight followed by trucking. By comparing the freight costs, you can make sure the cost per mile is competitive.
EXPLORE LTL VS. FTL FREIGHT
Depending on how much you have to ship from one location to another, you will want to compare LTL (Less Than Truckload) versus FTL (Full Truckload) pricing. For example, if you don’t have enough stock to fill up an entire truck, you will want to explore the offered LTL options as they may be more affordable and efficient.
At RTS, we work with our partners to utilize the best possible trucking rates per mile. If you don’t have a large load, we can put it on the same truck as several other customers, thus dropping everyone’s price. It helps you save money while still focusing on the fastest shipping route for your customers.
USE A TRANSPORTATION & LOGISTICS COMPANY
If you’re hauling products in your truck across state lines, it’s time-consuming and expensive. IRS reimbursement rates per mile are over 50 cents – which can add up to a considerable amount of money, especially when you consider the small amount you could transport. You can’t use a personal fleet of trucks and save money. If you’re still shipping everything on your own, your cost per mile is likely much higher than it needs to be.
When you choose to work with a professional company like RTS, our team of experts can work with you throughout the logistics and transportation management process. We can help you not only reduce the cost per mile but also ensure you’re choosing the most cost-effective options based on the shipment’s timeframe and destination.
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