Short for 'Less than TruckLoad', LTL shipping means that when your goods don't amount to a full truckload, the driver will share the remaining space with other small shipments of freight.
However, this is not everything that is implied by LTL shipping. There are plenty of advantages and facts that have to be taken into consideration, for example, one might even decide to split their freight 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 LTL freight costs and some of the benefits that come with LTL shipping - basically, everything you need to know about LTL shipping. So, let's begin!
LTL Pallet Shipping Cost
Before you rush in and book an Amazon pallet delivery, you should first know the factors that influence and determine the LTL freight rate.
Weight – the LTL shipping cost is structured in such a way that you pay less the heavier the shipment, usually per every one hundred pounds.
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. For 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 imply a higher LTL freight cost.
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 LTL shipping rates when compared with higher freight classifications.
These are only a few of the factors that can influence the LTL shipping cost. 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 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 it is considered to be a more reliable and cost-effective shipping option thanks to low LTL freight rates.
Aside from low LTL shipping rates, it is also one of the most environmentally-friendly shipping options available. Instead of one business taking up a certain amount of space in one delivery truck and not completely filling it, the LTL carriers allow several companies to utilise the space with their products, splitting the ltl pallet shipping cost and saving valuable fuel.
Now we know that LTL shipping can work wonders if you run a small shop or online business. It allows you to deliver your items without having to worry about the fuel surcharges and shipment costs you'd have to pay up if you were to rely on a classic shipping company.
We have established that LTL shipping rates are determined by the weight, density, distance and classification of your freight; therefore, if you are looking to book an Amazon pallet delivery it is worth doing some calculations beforehand to decide whether you are happy with the LTL freight cost.
When you book an Amazon pallet delivery, you will be asked to specify the weight, density, distance from your region to the delivery point and the classification of your freight before confirming your LTL freight rate.