Shipping costs continue to be the No. 1 reason for cart abandonment, and this new “surge charge” won’t help. There are steps you can take to minimize the impact of this new surge pricing and help you sleep at night: 1. Realize the everything in your agreement is negotiable. Standard carrier response will tell you […]
“This is consistent with the pre-announcements of lower earnings by several of the larger trucking companies,” Broughton Capital said. “Our pricing forecast for 2017 is now -1% to 2%, as the current strength being reported in spot rates by DAT Solutions is leading us to believe contract pricing rates should move back into positive territory […]
Earnings under pressure Earnings at parent Yamato Holdings will likely erode even further for the current financial year. The group is booking an 8% increase in outside contracting expenses for the period. Although package volume is slated to hit an all-time peak, the increase actually translates to weaker profitability due to slim unit prices paid […]
As previously reported in Logistics Management, vessels are being equipped with new power units, directional thrusters, as well as fuel and labor saving devices. The idea of an autonomous ship sailing continuously around the globe with self-repairing artificial intelligence is moving from science fiction to a port near you. When you roll up the facts, […]
Container shipping companies are becoming interested in the use of pricing as a profit lever. Traditional cost-plus pricing approaches, so deeply rooted in the industry, are ineffective in a volatile shipping market that’s plagued by a lackluster world economy and severe capacity-demand imbalance. The market continues to grow, but there is little capitalization on this growth by industry players. Freight rates remain […]
The logistics industry is still one of the worst performing when it comes to implementing annual price increases with their customers. This is just one of the results of the 2016 Global Pricing Study, conducted by the consulting firm Simon-Kucher & Partners, which surveyed more than 2,100 managers. Downward pricing pressure in the logistics industry […]
Since we’ve discussed shipping class rates in the blog about density-based pricing post, it is worth mentioning weight breaks and classification, an important part of freight pricing. When it comes to finding the best rate for a company’s shipping needs, freight class and weight are two pricing factors that shippers should evaluate before making the […]
Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Strategic Pricing Associates SPA is the leading provider of pricing analytics to 100′s of complex companies of all types: manufacturing, distribution, equipment, […]
Preparing for the year ahead is an exercise just about every business undergoes this time of the year. But third-party logistics (3PLs) providers in particular have the unique challenge of constantly improving upon how they work with shippers, and in the face of the FedEx/UPS rate changes coming in January, finding new ways to reduce […]
Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Asia Pricing Professionals Asia Pricing Professionals (APP) is a not-for-profit community of pricing management practitioners. Our key objective is to raise the […]
Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors. This Edition is brought to you by: Strategic Pricing Associates SPA is the leading provider of pricing analytics […]
This Week in Pricing > 6/17/17
This Week in Pricing is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: SPOSEA B.V. SPOSEA B.V. drives increased profitability for SAP users by SIMPLIFYING SAP’s Price Data Optimization, Management and Execution. […]
Nevada passes insulin drug pricing transparency bill | Business Insider
Nevada is one of 23 states with proposed legislation to take on the rising cost of prescription drugs. But unlike others that focus on drug prices in a general sense, the hybrid bill focuses on two specific groups of drugs that are used to treat diabetes: insulin and biguanides. It’s the latest milestone in government actions at the […]
SPOSEA, a privately held company and software innovator in price optimization and management for the ERP and e-commerce software market, today announced the immediate availability of the BrightPrice DealManager solution suite on SAP® App Center through self-service, digitally enabled purchasing methods. The BrightPrice DealManager suite of price management tools achieved SAP certification as powered by […]
June 15, 2017 2:00 PM Eastern This webinar will provide an overview of SPA’s Six Sigma Strategic Pricing Course. Six Sigma Master Blackbelt Greg Preuer, of SPA has created the first course designed to apply time tested Six Sigma methodology to pricing. Those who study with Greg will learn not only how to drive the […]
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