Less-than-truckload (LTL) is a shipping mode used for smaller shipments that are too large to be sent parcel but too small to fill an entire truck, typically weighting between 150 and 15,000 lbs., or less than 5 pallets.
LTL Freight quotes can be confusing because unlike truckload, many factors affect LTL rates. So what are these factors? Below is our infographic that shows the 5 basic factors that affect your LTL freight quote.
Besides the factors listed above, an LTL freight quote is also affected by other factors such as freight of all kinds (FAK), negotiated discounts and rate tariffs, and base rates. Lacking the specifics of your freight as it relates to the factors listed could lead to a 25-40% increase in your freight charge. Luckily, unnecessary costs can be avoided by understanding the factors that are calculated into your LTL freight quote.
If you are having issues with rising LTL freight quotes or having trouble managing LTL shipments, please contact GTS for a consultation and analysis of your LTL logistics so we can offer solutions to optimize your LTL freight practices.
Need to ship your LTL freight? Visit www.onestopshipping.com for an online quote or let GTS build you a custom solution.
Visit the GTS blog for more LTL tips and news.