Case Study: Fortune 100 Multinational Insurer Reduces Parcel Cost Increase with TransImpact

Major Insurer Reduces Projected Parcel Increase by $100,000

A Fortune 100 multinational insurer was facing an $800,000 projected cost increase on its $7.7 million annual parcel shipping spend during a contract renewal with UPS. With high carrier reliance and declining volume, the company partnered with TransImpact and its Parcel Contract Negotiation service to mitigate these costs without disrupting its service.

TransImpact provided crucial market intelligence and crafted a tailored cost-mitigation strategy for the negotiations. This expert guidance enabled the client to reduce the projected cost increase by $100,000. The solution maintained service continuity and provided the insurer with better benchmarks and positioning for all future carrier agreements.