Further, C.H. Robinson estimates that about two million TEUs will be added during the 2016 and 2017 operating years, while about 600,000 TEUs will be scrapped. The net increase would seem to suggest a continued soft market, however industry consolidation means tighter price control. A good example has been the parcel carriers and railroads, which […]
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, business owners, creative professionals, and independent contractors. This Edition is brought to you by: Strategic Pricing Solutions Strategic Pricing Solutions, LLC (SPS) is a management […]
This Week in Pricing > 10/21/17
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: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each […]
Playoff tickets at ‘face value’? The Cubs have learned from ‘Hamilton’ | Chicago Tribune
But this is old-school thinking about ticketing. The Chicago Cubs have learned a thing or two from “Hamilton.” Any ticket going for more than “face value” actually means that the Chicago Cubs left money on the table. Which, as anyone who patronizes their historic establishment will confirm, they do not like doing. What other reason […]
How Retailers Use Personalized Prices to Test What You’re Willing to Pay | Harvard Business Review
Have you ever looked up flights or hotels on an app on your phone, only to open your laptop and see different prices? That’s exactly what happened to me recently. I was using Orbitz’s iPhone app to research a vacation package to New York City. Settling on a hotel, I accessed Orbitz’s website on my laptop to book […]
Webcast: Boost Profitability with Better Contract Management | SPA
Contracts often play a vital role in a company’s profitability by representing millions in gross revenue. However, contracts can be challenging to manage and fully understand across the business. Do you find yourself asking questions like: – Am I spending too much time and resources managing contracts? – Am I losing margins due to expired […]
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