Five Advantages of LTL Freight

Fewer Costs

Decrease expenses by combining shipments from multiple customers to make larger loads. LTL freight consists of several smaller shipments using only a portion of the truck’s available space. Businesses pay for the space they use, ensuring the cost will be a fraction of what a complete truckload shipment would cost. Freight charges are more favorable, based on the truck’s class, space, and weight, instead of the entire haul or truck.

Business Friendly

LTL shipping improves efficiency and delivery speeds by bypassing the need for each shipment to fill a full truckload. Using LTL shipping ensures freight or inventory ends up exactly where it needs to be when it needs to be there. Small companies benefit from LTL shipping because they ship fewer goods and spend less on freight than large companies. Small businesses can take advantage of LTL services and shipping options without paying high costs for unused space.

Get to Market Fast

Instead of waiting for enough orders to maximize a truckload or send a half-empty truck, customers can book their goods immediately to arrive at the consignee ASAP.

More Service Options

When negotiating LTL rates, carriers will offer additional services. Shippers can specify needs like lift gates, inside pick-up and delivery, cross-docking, non-commercial shipments, event notifications, cargo tracking, etc.

Improved Tracking

Many LTL carriers provide tracking details, such as event notifications, where shippers can see in real-time when their goods are picked-up, in transit, on-time/delayed, and dropped off.

Breaking into the LTL Segment

The LTL segment should get more attention because it’s an excellent option for new drivers. To become an LTL driver, you need to gain the necessary experience. To qualify, you can complete the driver’s solutions program and begin your career as as driver. Many drivers start their careers in this way. After a year or so of experience driving other freight, your opportunities will expand, where you can seek better-paying jobs as an LTL driver. On average, LTL truck drivers can earn about $52,500 annually. Salaries can increase due to the additional benefits.

Outlook 2022

The 2022 outlook for LTL is promising. e-Commerce growth and the adoption of new technology in LTL services drive market growth. Truckload capacity challenges are moving additional volume into LTL. High rates and new equipment coming online will entice more drivers to the market. That will eventually affect demand and rates.

Get in Touch with CFF

Commercial Fleet Financing expands fleets across the U.S. and helps the trucking industry flourish. Join more than 10,000 customers who have used CFF to grow their fleets and businesses. Contact Commercial Fleet Financing to hear about the most flexible financing terms in the market, so you can get on the road as an LTL driver!