Less Than Truckload (LTL) Definition
Also known as Less-Than-Load, Less Than Truckload (LTL) involves the transportation of relatively smaller freight. It is common with large parcel carriers and other logistics service providers dealing with smaller freight packages. Shipment can be subdivided and transported as smaller entities weighing approximately 150 pounds. With LTL trucking, each shipper will pay for their portion of the trailer space their cargo takes up, making it a cheaper and efficient option for many small shippers.
Factors Affecting LTL Shipping
Location: Like most cargo shipping and transportation rates, longer distances from the hub to the final destination translate to higher LTL shipping rates.
Nature of Freight: If your cargo is fragile and requires special handling or equipment, it will be costlier to transport. This is usually common with shippers dealing with perishable, delicate, and hazardous freight.
Size: Carriers will use your freight dimension and weight to determine its class which will ultimately affect its shipping rates.
Shipping mode: If your LTL freight is time-sensitive and needs to be rushed to its destination, it will attract additional shipping costs.
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Advantages of Less Than Truckload Freight
Improved Shipping Costs - With LTL shipping, you do not have to pay for the unused space on the truck. By combining your shipment with other freights, you will essentially pay for the truck space occupied by your freight. All you need is to work with a renowned and reliable company such as Heavy Equipment Transport to guide you through the shipping process.
Faster Delivery Rates - Besides reduced shipping costs, most shippers prefer LTL trucking due to the quick shipping and delivery times. This is because clients do not have to purchase a certain amount of load to fill a whole truck. With LTL shipping, you can pay for a certain portion of the truck and ship as much freight as possible. With Heavy Equipment Transport by your side, you are guaranteed that your cargo will be safely and timely shipped and delivered.
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More Definitions:
- Accessorials
- Air Ride Suspension
- Backhaul trucking
- Bill Of Lading
- Billing Adjustment
- Blanket Wrapped Freight
- Blind Shipment
- Bridge Formula
- Cargo Carrier
- Cargo Company
- Cargo Containers
- Carrier Lanes
- Cartage Services
- Commercial Driver's License
- Common Carriers
- Conestoga Trailer
- Consignor & Consignee
- Container Freight
- Freight Agency
- Freight Agents
- Freight Bill Audit
- Freight Broker
- Freight Carrier
- Freight Center
- Freight Class
- Freight Companies
- Freight Consolidation
- Freight Cost
- Freight Forwarder
- Freight Forwarding
- Freight Lines
- Freightways
- Limited Access Pick-up and Delivery
- Overweight Load
- Team Driver Trucking
- Trucking Business
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