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January 29, 2021
This Week on Supply Chain Now: January 25th – 29th
It’s been an exciting week here at Supply Chain Now! Catch up on all the latest episodes, interviews, conversations, and livestreams right here for all the hottest supply chain news! On Monday, we launched Dial P for Procurement with program co-hosts Kelly Barner & Scott Luton who welcomed two professionals who have put their procurement and supply chain experience to work in the service of others: Anna McGovern, Chief Supply Chain Officer at the Food Bank for New York City, and Kathy Fulton, Executive Director of the American Logistics Aid Network. On Tuesday, Laura Cyrus with Truckers Against Trafficking joined host Enrique Alvarez to share how supply chain & trucking workers are uniquely positioned to combat human trafficking. On Wednesday, we launched our new Digital Transformers series in partnership with Total Network Service. Check out our first episode as Scott Luton, Kevin L. Jackson, and special host Thomas Carter welcome Dave Stehlin and Chris Poli to the show. On Thursday, we released The Supply Chain Buzz with Kevin L. Jackson, Greg White, & Scott Luton who discuss leading stories from global supply chain and global business, including the skyrocketing costs of medical supplies, the impact of IoT…
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…