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Less-than-truckload shipping. Less-than-truckload shipping or less than load ( LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 pounds (68 kg).
Dimensional weight, also known as volumetric weight, is a pricing technique for commercial freight transport (including courier and postal services ), which uses an estimated weight that is calculated from the length, width and height of a package. The shipping fee is based upon the dimensional weight or the actual weight, whichever is greater.
Freight rate. A freight rate (historically and in ship chartering simply freight[ 1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.
In the short-haul and less-than-truckload (LTL) sectors, driver turnover is only around 15%, [83] mainly due to the better working conditions, higher pay, and unionized workers. One study suggests that larger companies with irregular routes, longer average haul, and older equipment experience much higher rates of driver turnover. [83]
Image source: XPO. LTL 2.0 is paying off. When XPO split from GXO Logistics, its former logistics arm, in 2021, it announced a bold improvement plan known as LTL 2.0 to revamp the business and ...
The National Motor Freight Classification ( NMFC) is a North American voluntary standard that provides a comparison of commodities moving in interstate, intrastate and international commerce via freight shipment. The standard is developed and maintained by the Freight Classification Development Council (FCDC) and published by the National Motor ...
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