|
|
U.S. IMPORTERS, MAJOR RETAILERS HAVE ,000,000
WAITING TO BE CLAIMED FROM ERRONEOUS FREIGHT RATES
Dateline: October 14, 2005 ... Boston, MA
Contact: Steve Ferreira
Contact Phone: (617) 314-6469
Contact Fax: (617) 314-7845
E-mail: stevef@oceanfreightrefunds.com
Web Address: http://www.oceanfreightrefunds.com
BOSTON, MA - October 14, 2005 - According to Ocean Freight Refunds,
major retailers and importers who import goods via ocean freight have
a sum of ,000,000 waiting to be claimed due to erroneous freight
rate charges.
The total was revealed by Ocean Freight Refunds after working closely
with retailers and importers for years and discovering amazing dollar
errors while reviewing ocean freight bills, which always results in
refunds for the importer. The company's founder, Steve Ferreira, says
he works with many clients who see refund amounts greater than
0,000.
According to US law, retailers and importers have up to three years to
claim a refund from overcharges found on ocean freight invoices. This
three-year window offers a tremendous opportunity for companies to
reclaim lost cash and find solutions to help prevent future losses.
Ocean Freight Refunds helps importers by closely examining ocean
freight charges to determine if any errors have been made. Ocean
freight invoices have varying degrees of complications. As the invoice
relates to the service contract, many factors can affect the accuracy
of the charged rate and the invoice.
Ferreira is a supply chain veteran with a long history of working with
major import companies on cost reduction strategies. He understands
how ocean freight billing works and is able to identify many of these
errors after careful scrutiny.
"Unfortunately, many retailers and importers don't have the time or
resources necessary to examine the accuracy of ocean freight charges.
They don't realize the tremendous impact overcharges have on their
business, or when they do, they're not aware of how to solve the
problem," states Ferreira.
The company's internal studies are showing that three to five percent
of ocean freight transportation billings have a correctable error,
which if not identified, reduces buyer level expected profit margins
for the SKU. Importers are losing money, not only in errors, but also
in having to compensate for promotional or discounting effort required
to produce additional sales to make up for the undetected profit
leakage. At a 5 percent profit margin, it takes ,000 of sales to
make up for a 0 ocean freight invoice error.
Tom Eye, former international distribution manager for J.C. Penney
Company, revealed his experience as one of Ferreira's clients and
states, "The post-audit is very clean. You know exactly what the
savings are. And it's like found money for us. Those recoveries would
never have been made at all."
Despite all efforts by importers and freight companies to reduce error
margins, errors do still occur. Ocean Freight Refunds helps importers
on the back end to discover errors that may have slipped through the
cracks.
Retailers and importers can learn more about freight overcharges and
refunds by visiting the website: http://www.oceanfreightrefunds.com
For an interview or more information, please contact Steve Ferreira by
email at Ocean Freight Refunds, 42 Tremont Ave., Taunton, MA 02780 or
call (617) 314-6469 or email: stevef@oceanfreightrefunds.com
Add this page to
 Blink
 Del.icio.us
 Digg
 Google
 Simpy
 Spurl
Got Internet
Marketing?
Write
Press Releases | Press
Releases | PR
Strategy
|
|
NEWS FLASH! 
