Less Than Truckload (LTL)
Definition of Less Than Truckload
Less Than Truckload (LTL) shipping is a freight transportation method where multiple shippers' goods are consolidated into one truck.
Unlike Full Truckload (FTL) shipping, where a single shipper's goods fill an entire truck, LTL shipping involves sharing truck space among several shippers.
Each shipper pays for the portion of the truck space their goods occupy, making it a cost-effective option for transporting smaller loads.
Features and benefits of LTL Shipping
- Cost Efficiency: Shippers pay only for the space their goods use, which is economical for smaller shipments.
- Flexibility: Ideal for shipments that are too large for parcel services but not large enough to fill a whole truck.
- Frequent Transit: LTL carriers operate on regular schedules, often leading to faster delivery times compared to FTL shipping for smaller loads.
- Multiple Stops: Since the truck makes several stops to load and unload different shipments, delivery times can vary based on the number of stops and route efficiency.
- Handling: Goods may be loaded and unloaded multiple times during transit, requiring careful packaging to prevent damage.
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