Volume 27: Understand Your Comparative Time in Transit
Volume 27 Breakdown:?
Every Monday we’re catching you up on the top industry news stories from the previous week. Let’s get into it:
#1 USPS Aiming for Costly Changes to Partnerships
The USPS is pushing for a new deal with partners who use their Parcel Select service, hoping to eliminate discounts based on where shipments are injected in to the USPS’ network. This could impact a number of postal consolidators, such as Pitney Bowes and DHL eCommerce.
Currently, Parcel Select involves a carrier moving shipments primarily through their own network, then handing it off to the USPS for final-mile delivery. The USPS’ aims to amend these agreements to incentivize partners to inject packages into their network further upstream. This would likely raise prices and lead to delays for clients of these carriers.
The initiative was communicated to the carriers in a March 27 letter, and outlined hopes to amend the contracts within 45 days. If that deadline is met, these contracts would be changed within the month of May. However, the USPS has said they’ll be flexible with postal consolidators, offering a transition period as the changes are implemented.
#2 FedEx Follows UPS, Raises Fuel Surcharge
FedEx is following UPS & increasing the fuel surcharge for U.S. Ground & Express. The increase goes into effect Monday (5/6).
The surcharges vary based on an index of national diesel averages released by the U.S. Energy Information Administration.?
For the lowest range of $3.37 - $3.46, FedEx Ground’s Fuel Surcharge is being raised from 14% to 15%?
Like UPS, this comes after a recent increase to the Fuel Surcharge in December.
What is Comparative Time in Transit
Comparative Time in Transit refers to the average number of days your packages spend in transit from pickup to delivery, compared to similar shippers.
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Why is tracking Comparative Time in Transit important?
Your packages making it to their destination quickly is imperative to customer satisfaction. Knowing your own Time in Transit is a good starting point, but to truly understand how you’re performing, it is important to know how you compare to others in your industry. With this information you can also make decisions on if changing services or even carriers would be beneficial.?
Demo of Sifted’s Time in Transit Dashboard
Want to know how your transit time stacks up against others in your industry? Sifted’s Time in Transit Dashboard makes it easy ??
In this previously-aired live demo , we’ll give you the lowdown on how you can:
?Compare FedEx & UPS transit times?
?See how your transit days stack up against others in your industry?
?Save money & time through service type adjustments?
?Evaluate whether or not you should switch to another carrier
More From Sifted
LeaderShipping Ep. 11 Shake Up the Status Quo (ft. John McCylmont)
For high-volume shippers, smooth operations can feel like “success”... And as the old adage goes, “if it ain’t broke, don’t fix it.” But when shippers settle for “ain’t broke,” a LOT of opportunity is left on the table.
In our NEW episode of LeaderShipping, John McClymont , Founder and Principal of Operational Innovations, joins Caleb Nelson to share how shippers can shake up their status quo, and the benefits they can find from continuous optimization.
Here’s where to listen:
Spotify: https://bit.ly/4b5J6IR
Apple Podcasts: https://apple.co/49OpQxL
YouTube: https://bit.ly/3UwbMEW