Do you often find that your company is shipping freight that doesn’t fill an entire truck, resulting in the waste of money and your bottom line taking a significant hit? If you answered yes, then it’s time your organization considers less than truckload (LTL) shipping.
In this blog, Freightcom will take a look at what exactly LTL freight is, how it can benefit your business, and why you should consider our unique, innovative technology solution for all your LTL shipping needs.
What is less than truckload shipping?
Less than truckload freight shipping is the transportation of products or goods that do not require the use of an entire trailer due to the smaller nature of the parcel. In fact, this shipping method is used most often for freight that weighs between 150 and 15,000 lbs.
As a result, there are typically many separate shipments being transported on one truck. In this scenario, your business will pay for the portion of the standard truck trailer that your shipments fill, while other shippers will fill and pay for the unoccupied space.
LTL shipping rates vary, and there are a few things that affect these rates, including:
- Location - The further the distance the higher the price.
- Dimensions - The larger or heavier the parcel, the higher the price.
- Type - Some shipments may require special handling or equipment and that will increase the price.
- Speed - Most LTL carriers will offer expedited shipping quotes for companies that want their goods delivered to their destination more quickly.
How can LTL freight benefit your company?
This type of shipping is particularly effective for smaller companies in both the B2B and B2C space, as it offers them a cost-effective way to ship, while at the same time increasing flexibility, cutting down their footprint and many more benefits.
Some of the key benefits include:
- Cost reductions: LTL shipping trucks are made up of several smaller shipments that fill the entire truckload together, that means your company only pays for the portion of the trailer that you use. Since you aren’t using the entire truck, you’ll save money by only paying for what your company is actually using.
- Increased protection: The products on LTL shipments are packaged onto pallets before being loaded on the truck, which means these items will be secure. Shipping with multiple smaller shipping units that throw your items into the back of a van will significantly increase the chance that your items will be damaged in transit.
- Market your company as green: With LTL shipments you’ll be ensuring that fewer trucks are carrying more shipments, as opposed to a higher number of trucks carrying fewer shipments. This will reduce your organization’s carbon footprint and go a long way to allowing your company to market itself as green.
Small to medium-sized businesses, whether B2B or B2C, will benefit the most from less than truckload freight shipping. Since these companies tend to ship fewer goods and spend less money on freight than larger companies, LTL will allow them to benefit from the services of professional shipping while avoiding the high costs that usually come with it.
How Freightcom can help you save even more money with your LTL shipping
Freightcom has developed a unique technology solution that brings your company convenience, choice and significant savings when it comes to less than truckload freight shipping.
With many years of experience in LTL shipping, we have negotiated deeply discounted rate schedules based on the combined volume of all our customers. That means any businesses with small to midsize shipping needs will save money every time they ship with Freightcom.
Want to learn more? Contact our team of experts today, and we would be happy to answer any shipping-related questions you have.