“Keep me in the (Logistix) Loop.”
Stay ahead of the competition with Logistix Loop, our new monthly series that informs you of the latest news and trends impacting the transportation and logistics industry. Navigate the intricate web of supply chains and transportation networks with Dynamic Logistix as your guide for applying new technology and positioning your business for success.
Expect more than updates – anticipate insights. Keep scrolling to read our first installment of Logistix Loop on LTL freight shipping.
What is LTL Freight?
LTL stands for ‘Less Than Truckload’ and is primarily used when a shipment is not large enough to be a full truckload. This usually is between 1 – 6 pallets ranging from 150 – 15,000 pounds.
With the shipment not taking up the entire trailer, free space is often shared with shipments from other shippers.
Many factors come into play when shipping LTL: Dimensions, NMFC (National Motor Freight Classification) number of product(s), weight, and length of haul. Accurate information will lead to more accurate pricing.
Benefits of LTL
Sharing space on the trailer with other shippers also leads to lower costs. You don’t pay for the cost of the full trailer – you only pay for the space your freight occupies.
By shipping LTL, you have access to additional services, or accessorials, that the carrier offers, including liftgate, inside pick up/delivery and guaranteed delivery. Extra fees are often applied for utilizing these services.
LTL Carrier Highlights
Estes recorded a 99.4% success rate in meeting all time critical guarantees for “must arrive by date” shipments to retail distribution centers.
LTL Carrier Highlights
XPO saw an increase of 5.7% shipments per day on a year-over-year basis.
Drawbacks of LTL
By sharing space on the truck, any delays happening before your pick up or delivery can cause a delay with your shipment.
While shipping LTL is safe, damages can still occur. Since the freight is loaded and unloaded multiple times throughout its journey, the risk of damage or loss is present.
How Dynamic Logistix Can Help
Tracking Loads in Real Time: Get regular status updates and automated notifications about your freight.
Dedicated Team: We strive to understand your business and find the right transportation solutions for you. A dedicated account manager and LTL group work as an extension of your team.
Reports and Data Insights: A customized dashboard shows you real–time data specific to your needs. Quarterly our team deep dives into your data to ensure we’re hitting your logistics goals and adjust as needed.
We consolidate carrier invoices into one concise invoice for our clients.
Improve your shipping strategies with X.TMS, our transportation management software that gives clients visibility on current and historical logistics data. Load efficiency and optimization saves you time and money; a dedicated account team identifies and manages the shipping strategy that is right for your business’ needs; and access to a carrier network that will lock in competitive, fair rates. Get in touch with one of our experts today!
