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Is Nearshoring the Best Option for Your Company?

Is Nearshoring the Best Option for Your Company?

Posted: December 12, 2017 | Newsletter

Offshoring - Outsourcing was the trend at the turn of the century. However, recent trending is pointing to a more close to home solution - Nearshoring. So, which one of these two options is a better choice for your business? Each solution is not as cut and dry as you may think and should be carefully considered depending on your business requirements and goals. Offshoring is the relocation by a company of a development process to a distant location. Cheaper locations are the most commonly chosen so that the overall business cost may be significantly decreased. For example, China or India are two of the most popular countries for western companies looking to outsource their manufacturing costs. However, in recent years, the cost of labor in those countries is on the rise and the governments are abandoning foreign currency conversion manipulations as a policy.

Nearshoring refers to a partner based in a country adjacent to the customer's own one or close to it, most possibly sharing a host of characteristics, including laws, economic bonds, accepted business practices, cultural background and such. The big advantage is the distance between the two entities. It allows for less expensive travel, a greater degree of control of development process, especially in critical situations.

2018 UPS, FedEx Parcel Rates Increase

2018 UPS, FedEx Parcel Rates Increase

How much more will you pay? Rates rising anywhere from 2% to 13%

Posted: October 24, 2017 | Newsletter

FedEx and UPS announced their 2018 parcel rates effective January 1, 2018.  The range of increases within weight breaks and zones rose anywhere from 2% to 13%.  CPC has analyzed the impacts and has developed a tool to analyze any Shipper's profile and can provide projections for how the new UPS rates and FedEx rates will affect your expenses across multiple scenarios. This service is invaluable as it gives clients the upper hand in understanding their program and mitigating any unfair increases that may be levied. Yes, you can push back and reduce the  FedEx and UPS rates increase!  Call CPC today and stay ahead of the parcel rates increase for both UPS and FedEx.

Will there be Major Changes with the LTL Market?

Will there be Major Changes with the LTL Market?

Posted: October 24, 2017 | Newsletter

The LTL market has regained its health. Carriers are applying pricing discipline and resist the urge to expand capacity beyond fulfilling immediate shipper needs.The top three spots include FedEx Fright, XPO Logistics and Old Dominion, all non-unionized carriers. All three have seen a slight improvement in Operating Revenue ratios and increased earnings. The three carriers have forecasted improved forward earnings, optimistic about the future with continued improving net income and continued efficiencies and business acquisition. Many leaders in these companies are optimistic as they review their KPIs; Wayne Spain, president and COO of Averitt Express said, "There is reasonable consistent growth in 2017."

Is There A Division in the Mighty UPS/FedEx Oligopoly?

Is There A Division in the Mighty UPS/FedEx Oligopoly?

Posted: April 25, 2017 | Newsletter

Every year CPC analyzes the impacts of the yearly base rate increases and policy changes administered by FedEx and UPS.  The first time in recent memory (Last 6 years) there are differences in the base rates (Besides 3 Day service) between FedEx and UPS. Additionally, there are differences in Express and Ground Fuel surcharges. 

Quiet Launch of Uber Freight

Quiet Launch of Uber Freight

Posted: December 6, 2016 | Newsletter

We all know Uber as the master of transporting people and food around cities, but with their recent acquisition of Otto, a self-driving trucking company that Uber purchased in July for $65 million, we may now see their footprint in the long-haul business with the Uber Freight division. Otto's core focus was to build self-driving truck kits that equipment manufacturers or freight networks could buy and install on their own. What they also secretly wanted to build was their own "Uber for trucking" marketplace. Eric Berdinis, the product lead on Uber Freight, told Business Insider, "Even if you look pre-acquisition, Otto was always about reinventing transportation. Even though we started with the announcement of the self-driving trucks, we were always intending to build a marketplace that would allow self-driving trucks to flourish." 

How to Keep the Shipping Industry Afloat

How to Keep the Shipping Industry Afloat

Posted: December 6, 2016 | Newsletter

The global shipping industry is in trouble with international rates consistently low for the past five years. The combination of excess capacity and flat cargo growth has led to cruel price wars that have resulted in wonderfully inexpensive freight rates for exporters, but almost no profits for shipping lines. For some vessels, the current day rates are covering less than 5% of costs. Countries have different methods of dealing with the crisis. South Korea: Hanjin's bankruptcy sent shock waves around the world. Hanjin is stuck with $8 billion in debt, have 97 ships stranded around the world unable to pay for fuel or fees, and have $14 billion dollars worth of goods stuck on board. 

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