{"id":63154,"date":"2020-12-28T15:29:43","date_gmt":"2020-12-28T20:29:43","guid":{"rendered":"http:\/\/lantechweb.wpengine.com\/blog\/stop-this-hidden-profit-drain\/"},"modified":"2020-12-28T15:29:43","modified_gmt":"2020-12-28T20:29:43","slug":"stop-this-hidden-profit-drain","status":"publish","type":"post","link":"https:\/\/www.lantech.com\/r4\/blog\/stop-this-hidden-profit-drain\/","title":{"rendered":"Stop This Hidden Profit Drain"},"content":{"rendered":"
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Less-than-truckload carriers weigh every pallet and catch all mistakes that their customers\u2019 scales find. Reweigh penalties account for $1 billion in fines lost to trucking companies every year.<\/p>\n
Many carriers\u2019 customers, known as LTL shippers, don\u2019t own or use scales. Instead, they estimate weight. Some shippers believe scales take up too much floor space. Or they think the extra step of transferring the pallet from the stretch wrapper to the scale is too time consuming.<\/p>\n
Before the early 2000s, only 30 percent of loads were weighed, so carriers rarely disciplined their customers for reporting inaccurate weight.<\/p>\n
Now carriers fine small LTL shippers \u2013 usually those sending out less than 50 loads a day \u2013 for errors. Often this happens when incorrect figures on their bills of lading have been taken from educated guesses.<\/p>\n
Guesses occur when dock employees physically lift pallets or add up weight of individual parts or products. For example, a regional plastic manufacturer is fined twice daily from errors generated in its computer database system, adding up to $280 a week, or $13,440 a year.<\/p>\n
Even if shippers aren\u2019t being fined, they\u2019re losing just as much money from overestimating weight. For years, a supervisor of an equipment manufacturer had estimated weight with his foot. This process led to overestimating each of his 25 weekly loads by $15, costing $18,000 a year.<\/p>\n
Smart shippers are now weighing their loads \u2013 whether it\u2019s makeup, water bottles or plastic parts. Stretch wrapping manufacturers have made this easy and cost effective by integrating scales into wrappers.<\/p>\n
<\/a><\/span><\/span><\/p>\n For more information, you can contact us on our\u00a0website<\/a>\u00a0or call us at (502) 815-9109.<\/p>\n