Today, time is considered one of the most valuable resources, and timely delivery of goods is crucial rather than convenience. Just imagine this – you ordered a product for an event and waited patiently for days to receive it, only to find out that the product gets delivered after the event. Quite frustrating, right? This is where expedited delivery service shines, improving shipping and satisfying people. Both the company and users expect one thing from shipping, and that is fast shipping!
According to Capital One Shopping research, 41% of the people are ready to pay for same-day delivery while 24% are only willing to pay for 2-3 hour delivery; however, only 50% of the companies offer same-day delivery options. This is because people always wish to receive their goods as soon as possible. This can be addressed by ‘expedited shipping,’ which is, in fact, one of the most crucial factors in the logistics industry. So, let’s discuss comprehensive insights into expedited shipping and its benefits.
What Is Expedited Shipping and What Factors Influence Its Cost?
Expedited shipping, or ‘expedited delivery service,’ is defined as a paid premium service that guarantees that the delivery time is relatively quicker than the regular shipping time. It comprises processes and techniques designed only to ensure fast delivery of goods within a given time period. Expedited shipping is particularly useful in satisfying customer needs since it guarantees the delivery of goods within a day or two compared to the regular delivery service, which would have taken a longer time otherwise.
However, there are a few factors to consider that influence expedited shipping costs, and they are:
- Weight: Expedited shipping usually involves air freight as one mode of transportation where the dimensional weight is considered. This measurement compares the cargo volume with the actual weight of the item it contains. Subsequently, the cost charged to the shipper by the air freight company with whichever one of these values is larger – the cargo’s we or the spies.
- Delivery Time: The delivery deadlines are the factors that are primarily responsible for the cost. Therefore, the shipments that are comparatively more urgent charge higher fees.
- Distance: The cost of expedited shipping also depends on the location of the shipment’s starting point and final destination. As a result, longer distances usually mean higher shipping costs.
Benefits of Expedited Shipping
The main reason for z services is to ensure your package is delivered quickly. This means all other considerations are less important. However, since the service offers plenty of benefits, it might not be the only reason you choose to use it. Here are a few other reasons why this service will be good for both you and your supply chain.
-
To Save Time
The primary objective of expedited shipping is to minimize the travel duration. In most cases, people do not have any issue paying the additional charges. So, if delivery time is more important than the money, then this is an excellent service to spend on.
-
To Generate More Profit
One way you could potentially generate more profit is by offering users more options to pay extra for expedited delivery service. More importantly, it may help to get more people to ship their goods as they are assured that their shipments will reach their rightful destination in the shortest time possible
-
To Transport Perishable Goods
Most of the perishable goods like – foods & beverages – need to be transported as fast as possible. If you deal with post-harvest frozen foods or bakery products, this expedited delivery service will ensure that your goods are delivered in good condition.
-
To Minimize Damage
Express services are fast since they are transported from the shipper directly to the receiver. Due to minimal contact with the package, there is minimal or very low possibility of the product getting damaged.
-
To Save Money on Storage Space
Expedited shipping reduces the amount of time goods stay in the warehouse. This saves a lot of money spent on storage.
Conclusion
To conclude, both standard and expedited shipping have benefits for carriers and shippers. There are generally two types of shipment: the standard shipment, which offers affordable and reliable shipping solutions, and the expedited shipment, which is faster and more reliable than standard shipment in order to suit the needs of customers. Simply put, businesses need to familiarize themselves with the various characteristics of each shipping method to effectively respond to the personalized requirements of the shippers, which ultimately drives the success and expansion of carrier business. If you’re looing for fast delivery solutions for your business, contact our 3PL services today!