More Than $1 Billion of Parcel Spend Managed by Reveel's Shipping Intelligence Platform
Increasing Need for Shippers to Lower Expenses and Improve Efficiencies Drives Customer Growth and Expansion of the Executive Team
IRVINE, Calif., Sept. 7, 2023 /PRNewswire/ -- Reveel, whose Shipping Intelligence™ Platform enables companies to level the playing field with carriers, today announced that it has reached the milestone of having more than $1 billion of parcel spend managed through its Shipping Intelligence Platform.
Driven by the increased awareness of shippers that they need better data and information about the industry as a whole in order to lower their costs and improve their ability to negotiate with carriers, more than 750 companies have signed up for Reveel's Shipping Intelligence Platform to help them improve the management of their annual parcel spend.
Reveel's Shipping Intelligence Platform utilizes advanced machine learning and data analysis technologies to help customers compare their shipping operations against industry peers. It provides actionable insights that, once implemented, can make shipping operations more efficient, effective, and less expensive, while improving the ability to negotiate with carriers from a position of strength.
In fact, Reveel now manages more than 200 million lines of shipping data, and has saved over $400 million for its customers.
"This milestone is a testament to the dedication of our team here at Reveel in providing customers with the strongest, most effective platform possible," said Josh Dunham, CEO and co-founder of Reveel. "But it is also a testament to the need for change within our industry. For too long, shippers - whose very businesses depend upon parcel shipping - have been operating at a disadvantage due to a lack of information and transparency. Our mission is to change that for the better."
Strengthening the Team
The new additions to Reveel's team include:
Commitment to Customers
Each year the two largest shipping carriers, UPS and FedEx, announce their expected GRI, or general rate increase, for the coming calendar year. These announcements typically take place in the Fall timeframe.
However, each year the rates announced by these industry leaders doesn't factor in all of the adjustments, surcharges and other changes levied by the carriers on to shippers, meaning the rates announced never tell the true financial impact on a business that relies on parcel shipping.
For example, last year each carrier announced an increase of 6.9%, but the true impact after Reveel's analysis was a FedEx modeled increase of 9.1% and a UPS modeled increase of 10.2%.
Reveel compiles its findings into a report each year to help shippers be able to better understand what the increases truly are and what the financial impacts will be. Follow this link to access last year's report, and be on the lookout for the 2024 report shortly after the announcements from the carriers go live.
Meet Reveel at Parcel Forum 2023
For more information on how Reveel's Shipping Intelligence Platform can help your organization gain control over its parcel spending, click here.
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