LTL freight shipping is a game changer for businesses today because it can ship smaller loads offering a budget-friendly shipping option. LTL freight saves you money by combining different deliveries from several shippers into one truck, and enables better use of resources.
With its flexibility and cost-efficiency, LTL boosts the supply chain for all industries, whether it be chemical, automotive, and manufacturing. It is why the Less-Than-Truckload (LTL) market is set to grow by a whopping USD 110.7 billion between 2025 and 2029. That, too, is at an impressive growth rate of 6.8% each year!
Today, companies are looking for more innovative ways to ship smaller loads, and LTL is emerging as a go-to option.
This article breaks down LTL freight quotes and offers simple tips to help you confidently determine your shipping needs!
What is LTL Freight?
LTL (less than truckload) freight is a budget-friendly option for shipping goods that don’t fill a truck. The cost depends on the freight class, which ranges from 50 to 500. The NMFC system identifies 18 freight classes, with lower numbers indicating easier and cost-effective movement. Factors like density, space requirements, handling ease, and risk of damage also influence the freight class.
Key Features of LTL Shipping
Shared Space in Transportation: LTL shipping allows multiple shippers to share space in a single truck, enhancing efficiency and reducing costs by only paying for the space your goods occupy.
Frequent Stops: LTL carriers make frequent stops along their routes to pick up and drop off shipments. This approach helps them maximize their truck’s space by combining loads in different places. Plus, it gives businesses more flexibility when scheduling pickups and deliveries.
Hub-and-Spoke Network: LTL carriers use a hub-and-spoke system. They pick up shipments at main spots or hubs and then drop them off at their final destinations. This method helps them determine better routes and saves time by avoiding pointless detours.
How to Get Accurate LTL Freight Quotes
To get affordable LTL quotes, provide accurate shipment details and use online quote calculators. Understanding the key pricing factors, including weight, dimensions, freight class, and distance, is crucial for reliable freight shipping quotes.
- Weight and dimensions of the shipment
- Freight class and classification
- Distance and transportation mode
- Special handling requirements, such as refrigeration or oversized loads
| Factor | Description |
| Weight and dimensions | Affects the cost of shipping and handling |
| Freight class | Determines the shipping cost based on density and handling characteristics |
| Distance and transportation mode | Impacts the overall cost of shipping and delivery time |
When asking for a quote, think about these important factors:
- Shipment weight and dimensions
- Destination and delivery time
- Special handling needs, like refrigeration or fragile items
By providing proper info, you can get a spot on quote. And an accurate quote lets you make smart choices and pick the best shipping option.
Technology Solutions for LTL Quote Generation
Tech solutions in less-than-truckload (LTL) shipping include digital freight matching platforms and online quote calculators. These tools help shippers compare rates and services in real time, provide instant quotes, and optimize shipping processes by linking calculators with transportation management systems.
| Technology Solution | Benefits |
| Digital Freight Matching Platforms | Increased efficiency, improved accuracy, and access to top LTL carriers |
| Online Quote Calculators | Quick and easy access to the best LTL shipping rates, reduced costs |
| Integration with Transportation Management Systems | Streamlined shipping operations, improved cost management, and data-driven decision-making |
Maximizing Accuracy in Your LTL Freight Quotes
Comparing quotes from different carriers is crucial for accurate rates and cost comparison. Online freight quotes can show prices, but consider service reliability and transit times to pick the best carrier:
- Check the carrier’s reputation and reviews from other customers
- Compare the prices and services offered by different carriers
- Consider the carrier’s experience and expertise in handling your type of freight
Common Mistakes to Avoid When Requesting LTL Freight Quotes
Many companies make mistakes that lead to wrong quotes. This can cause unexpected costs and delays. By checking quotes well, businesses can save money and get better service.
Providing incorrect freight dimensions or weight
Not giving precise details can lead to inflated quotes. Make sure to share exact details about your shipment. Use a standard form for quotes to avoid mistakes. After getting quotes, compare them carefully. This helps spot any wrong prices or unexpected quotes. It also shows the different services and prices out there.
Overlooking accessorial charges
Accessorial charges like fuel surcharges and liftgate services can affect the overall shipping cost. Knowing what they are and how to budget for them is important. Since these costs can add up fast, which makes it crucial to consider them when budgeting.
| Accessorial Charge | Description |
| Fuel surcharge | An additional fee added to the shipping cost to account for fuel price fluctuations |
| Inside delivery | A fee charged for delivering shipments inside a building or to a specific location |
| Liftgate services | A fee charged for using a liftgate to load or unload shipments from a truck |
Failing to compare quotes from different carriers
Companies often rely on a single provider, limiting options and increasing freight costs. By conducting thorough market research and using freight evaluation tools, shippers can compare LTL freight costs, negotiate terms, and control the cost.
Benefits of Using a Freight Broker or Third-Party Logistics (3PL) Providers
A freight broker connects shippers with carriers, making goods transport easier. They help find the best rates online for less-than-truckload (LTL) freight. 3PL providers do more than freight brokers as they handle warehousing and distribution and manage transport.
Expert Guidance in Freight Management
Working with a freight broker or 3PL provider gives businesses access to their knowledge. This knowledge is vital for getting accurate LTL quotes and handling complex logistics. A freight broker or 3PL can guide enterprises in choosing the best shipping rates. They also help in negotiating with carriers. Besides, they offer;
- Accurate quotes and invoicing
- Optimized logistics operations
- Improved supply chain management
Leveraging Vast Carrier Networks
Working with a freight broker or 3PL provider gives you access to a vast carrier network. This network helps businesses get affordable rates, faster delivery, and better logistics. Having access to many carriers is a big plus. Companies can pick the best carrier for their needs, whether for price, speed, or other factors.
Access to Multiple Carriers
With a vast carrier network, businesses can reach more areas and serve their customers better. This is great for companies that ship to different locations or have diverse logistics needs. Accessing multiple carriers lead to:
- Increased competition among carriers, leading to better rates
- Improved transit times and service options
- Enhanced visibility and tracking capabilities
Streamlining Your Shipping Operations
Streamlining shipping operations means understanding logistics well along with leveraging technology and expertise. This way, businesses can improve their workflow and resource use. Streamlining can offer significant benefits like faster delivery, happier customers, and lower costs. Some benefits of streamlining shipping operations include:
- Improved delivery times
- Increased customer satisfaction
- Reduced costs
| Benefits | Description |
| Improved delivery times | Streamlining shipping operations enables businesses to optimize routes and reduce transit times, resulting in faster delivery times. |
| Increased customer satisfaction | By improving delivery accuracy and reducing transit times, businesses can enhance customer satisfaction and loyalty. |
| Reduced costs | Streamlining shipping operations helps businesses reduce costs associated with logistics, such as fuel, labor, and equipment. |
People Also Ask
What is an LTL freight quote?
An LTL (Less Than Truckload) freight quote is an estimate for shipping goods that don’t fill a whole truck. It helps businesses plan their shipping costs and pick the best carrier for price and service.
How are LTL freight quotes calculated?
Quotes are based on the shipment’s weight, size, distance, and freight class. The freight class depends on the shipment’s density, how it’s packed, its handling and liability.
How can I save money on LTL freight shipping?
To save, consider combining shipments to use space better. Choose a carrier with good rates. Use correct weight and size to avoid extra fees. Being flexible with delivery times can also lower costs.
What information do I need to get an LTL freight quote?
You’ll need to give details like the shipment’s size, weight, and addresses. Also, any special handling needs.
What’s the difference between LTL and FTL shipping?
LTL shipping is for smaller loads that share a truck. FTL shipping is for big loads that take the whole truck. FTL is cheaper for big shipments or when speed matters.
How a Mid-Sized Tech Company Cut Costs and Improved Efficiency with LTL Freight
A mid-sized tech company faced high costs due to incorrect weight and size estimates, making Full Truckload (FTL) services too expensive. They switched to Less Than Truckload (LTL) shipping. The company carefully provided correct shipment details like size, weight, and address, and used online tools to compare prices. LTL allowed this company to send more goods in one go. Consequently, this new LTL plan reduced shipping costs by 15%, improved shipping times by 20%, and were able to properly plan and allocate their shipping budget.
Conclusion
In summary, using Less Than Truckload (LTL) freight quotes can assist you in reducing expenses, mainly when your shipment sizes fluctuate frequently. To get precise quotes, begin by gathering detailed information about your shipments, including their dimensions and weight. Take advantage of online tools to compare rates from different LTL providers as it allows you to make knowledgeable choices that fit your budget. By consolidating shipments and opting for cost-effective carriers, you can lower costs and improve delivery speed.
