LTL Shipping Costs & Facts
Short for less than truckload, LTL shipping means that when your shipped items don’t fill a single truck, they will share the space with other items. In short, we’re talking about small shipments of freight.
However, this is not everything that’s implied by LTL shipping. There are plenty of advantages and facts that have to be taken into consideration. One might even decide to split his shipment into smaller ones in order to enjoy the benefits of this type of shipping.
Therefore, in today’s article, we will be talking about some of the facts and costs that come with LTL shipping – basically, everything you need to know about this matter. Let’s begin!
LTL Shipping Costs
Before you rush in and apply for an Amazon pallet delivery, you should first know the factors that influence and determine the LTL freight rates.
- Weight – the LTL shipping rates are structured in such a way that you pay less per hundred pounds the heavier a shipment is.
- Density – when handing in the bill of lading of your shipment or pallet, you have to make sure that you have properly calculated its density so that you can then figure out the class it belongs to. In order to come up with the density of your shipment, you have to divide its total weight by the total cubic feet. In case of a pallet, you have to use its dimensions, the combined height of the carton and of the pallet, as well as the shipment’s total weight.
- Distance – naturally, the longer the distance, the higher the shipping costs. Usually, LTL carriers serve a specific geographic location – thus, you have to take into account the number of zip codes a carrier goes through directly. If your shipment has to be sent to an outside location – namely, one that the carrier does not cover – then it will be transferred to another LTL carrier. Naturally, this will also imply higher costs.
- Classification of Freight – there are 18 different classes that range from 50 to 500 and are determined by the product’s value, density, handling, liability, and slow-ability. Naturally, lower classes – meaning, products that are difficult to manage and easy to handle – come with lower rates when compared with higher classes.
These were only a few of the factors that can influence the LTL shipping costs. among them, we also have the base rates, minimums, freight all kinds, rate tariffs that can be negotiated with the LTL carriers, possible discounts, and accessory charges.
Obviously, you do have to look into the more advanced factors, as they tend to change – or you can ask the LTL carrier of your choice for more information.
LTL Shipping Facts
When it comes to facts, we have to start off by mentioning that, back in 2013, the LTL industry was worth around £20.1 billion of the total freight transportation industry, valued at £530 billion. Naturally, its value has increased over the years as, in some cases, it is a more reliable and cost-effective shipping option.
LTL shipping is also one of the environmentally-friendly shipping options. Instead of one business taking up a certain amount of space in one truck and not filling it up, the LTL carriers allow multiple companies to completely fill a truck with products, split the cost and save valuable fuel.
In short, LTL shipping can make wonders if you are the owner of a small store or online shop. It allows you to deliver your items without having to worry about the fuel and shipment costs you’d have to pay up if you relied on a classic shipping company.