How Freight Management Inc Helps Businesses Save Big
View Freight Management Inc’s cost reduction case studies for a lifestyle brand (experienced 10% savings) and a beauty company (experienced 20% savings), along with the solutions used to get them there.
There’s only one certainty for your business in these constantly changing business conditions: the more efficiently you handle your transportation needs, the higher your profitability.
FMI’s freight management solutions ensure on-time, cost-efficient freight delivery to help you manage your shipments affordably and improve your bottom line. We offer industry connections (a network of more than 15,000 carriers), proprietary technology (My Freight Manager® user-friendly transportation management system), and access to the best dray rates in real-time to provide the most comprehensive managed logistics services.
The proof is in the pudding, as they say, so let’s take a look at how two businesses experienced major cost reductions with our freight management services.
20% Freight Cost Reduction in One Year
FMI has a 40-year-long relationship with consumer goods company Luster Products. The Chicago-based business makes premium hair and personal beauty products sold throughout the U.S. as well as internationally. Luster’s Pink®, SCurl® and Pink® Kids are among its family of brands.
The company was looking for more access to supply chain visibility to improve service levels and costs. It was getting little value with its third-party logistics provider (3PL).
Luster turned to FMI to design and implement a managed logistics solution that comprised:
- My Freight Manager provides 24/7 web-based access to carriers, carrier safety, insurance monitoring, and bill of lading creation.
- Hosting less-than-truckload (LTL) sourcing event
- Drop trailer program
- Consolidation programs
- Inbound logistics
- Freight brokerage and payment program
- Freight tendering and procurement program
The benefits included:
- 20% reduction in freight costs
- 60% decrease in retail penalties
- 25% reduction in the number of providers
10% Savings in Freight Expense
A publicly-traded lifestyle brand was expanding its retail operations requiring guaranteed service levels from an effective transportation management system with zero upfront costs. FMI’s My Freight Manager achieved the following:
- 10% reduction in freight costs
- 100% claims-free deliveries
- 99.9% on-time deliveries
Additional logistics services to reduce costs and improve efficiency provided by Freight Management Inc. included:
- Hosted a less-than-truckload (LTL) sourcing event
- Drop trailer program
- Carrier sourcing
- Contract management
- Procurement and freight brokerage
- Freight audit
- Freight payment
- Claims management
How Freight Management Inc Can Help Reduce Costs
Looking to streamline your shipping processes and optimize your supply chain? Freight Management Inc can help.
Our team of transportation and logistics experts offers over 40 years of industry experience. We work with only the best carriers to provide the most cost-efficient transportation of goods, combined with an easy-to-use web-based transportation management system that provides complete shipment transparency and reporting solutions.
Try our freight-managed services cost calculator to see how your business can save big with our logistics services.