According to the American Transportation Research Institute, traffic congestion cost the U.S. trucking industry a record-high $108.8 billion in 2022. If you’re wondering, this is equivalent to 435,686 truck drivers (or 22% of all Class-A licensed drivers) being idle for a whole year. The average cost per every registered combination truck comes out to $7,588. Interestingly, the total hours of…
By next year, global online retail sales are expected to reach $9.4 trillion. Even so, many online retailers aren’t currently well-positioned to take a big slice of that pie. With the market growing at such an unprecedented pace, retailers must keep enhancing their workflows, improving their processes, and keeping up with customer demand to remain competitive. One approach that can…
Studies show that almost 70% of online shoppers tend to abandon their carts, leading to $18 billion in lost revenue in a year. Most shoppers abandon carts due to hidden fees or being asked to create an account, but another common reason lies in their preferred payment method not being available. This is where omnichannel payment processing comes in. Want…