Tips to Manage LTL Freight
LTL (Less than Truckload) shipping is designed for freight that typically weighs between 150 to 15,000 lbs. The idea is to combine multiple shipments from multiple customers onto one trailer. It is a cost-efficient way to move smaller shipments.
Here are 6 Tips for LTL Shipping:
1) LTL Pricing
There are many factors that play a role in determining an LTL price. This includes but is not limited to the following: Distance and Weight. The longer the distance, the higher the price. The more weight, the higher the price.
2) Fill out the BOL properly.
The BOL short for Bill of Lading is a very important document. It is needed to complete the shipment. The BOL works as receipt for the goods shipped, including the shipper and consignee’s signatures, shipping details, agreements and contact information. All shipping documentation should be filled out correctly to avoid delays and incorrect charges.
3) Get well-organized.
To be successful in LTL shipping you must be well organized. The product must be palletized to benefit the carrier. If a shipment is properly palletized it eliminates the chance of damage and loss of the product. It also creates an easy and accessible environment for things to move fast and smoothly.
4) Understand and Determine your Accessorials.
An accessorial is any additional service provided by the carrier. It may be needed to complete the delivery and must be indicated when booking a shipment. The most common accessorial charges are lift gate, residential delivery or pick-up, limited access locations and inside delivery.
5) Understand and Define the Freight Class.
All LTL shipments are based on freight class. The National Motor Freight Carrier (NFMC) number provides information about the items in an LTL Freight and helps determine if your item requires specialized transportation or hazmat-certified drivers.