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September 4, 2020

This Week on Supply Chain Now: August 31st – September 4th

Another busy week full of new episodes and livestreams at Supply Chain Now! If you missed an episode, get a quick summary and listen here. On Monday, our very own Clay “The Dawg” Phillips gives some insight on his job at Supply Chain Now. Supply Chain Now · “Recent Key Takeaways with Clay “The Dawg” Phillips”   On Tuesday, Scott & Greg welcomed Shannon Vaillancourt with RateLinx and Tim Judge with Agillitics to the show to share about optimizing supply chain decision making.   Supply Chain Now · “Optimizing Decision-Making in Supply Chain in 2020 & Beyond”   On Wednesday, we published this week’s Supply Chain Buzz, complete with the Retail Rundown and with special guest Chris Lingamfelter with 6 River Systems.   Supply Chain Now · “The Supply Chain Buzz for August 31st: The Retail Rundown & Chris Lingamfelter”   On Thursday, Scott and Greg welcomed co-host Paul Noble with Verusen to the show and featured Scott Armstrong with CONA Services LLC as their special guest.   Supply Chain Now · ” A View from the CFO’s Office: Scott Armstrong with CONA Services LLC”   And we wrapped up the week with Greg’s TECHquila Sunrise as he gives some…
April 17, 2025

Navigating Hidden Freight Costs: Taking Control of Unexpected Charges

Blog Post written by Ohad Azgad, CEO of Cinch Logistics leaders must control costs while maintaining service quality, but hidden freight charges often erode profits due to poor visibility. Cinch analyzed over 7,000 line-item charges from 30+ freight forwarders, brokers, and carriers in FMCG and manufacturing, uncovering three major cost drivers: The Frequency-Impact Paradox Frequent charges like fuel surcharges appear in 14.4% of invoices but contribute just 4.2% of hidden costs. In contrast, customs duties—though present in only 5.8% of invoices—account for 52% of hidden costs. Identifying these patterns helps logistics teams focus on impactful cost reductions. Inconsistent Invoice Terminology Charge names like “Fuel Surcharge” vs. “Bunker Adjustment Factor” vary between carriers, reducing cost visibility and negotiation leverage. Standardizing terminology improves tracking, clarity, and vendor negotiations. Hidden Budget Risks: Customs, Duties & On-Carriage Fees Customs duties account for 46% of hidden costs, while on-carriage fees add 26%, despite appearing in only 4.3% of invoices. These charges are often underestimated during quoting, leading to budget overruns. Proactive management prevents unexpected expenses.   Strategies to Optimize Freight Costs Real-Time Data Analytics: Platforms like Cinch provide charge visibility during quoting, improving cost forecasting and negotiation leverage. Standardized Terminology: Consistent charge names enhance cost…