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The hypothetical bike company we just picked on wants to make sure it’s providing the highest level of service to its customers while maximizing its profits. If you guessed “LTL shipping,” you’re right. So how do smaller companies-or even larger ones who ship small quantities of products across the country-stay in business?
#FTL STRATEGY DRIVER#
Would it make sense for the company to send a truck with 18 bike frames on a mostly empty tractor trailer for a 1,000+ mile round trip journey?įactor in fuel costs, driver wages and a whole slew of other factors and you’ve got yourself a recipe for bankruptcy. Well, let’s say that on a given day, 12 bike frames were purchased online by customers from Minneapolis, and 6 frames by customers from Milwaukee. If a mid-sized bicycle manufacturer with production in Chicago wants to ship its products throughout the United States, there’s a good chance LTL shipping is involved at some point in the process. Without it, most companies that ship products to consumers would have trouble remaining solvent. LTL shipping exists to drive up efficiency and cut transportation costs. We’ll move on to discuss how both strategies can be used together for to make carriers more efficient and save shippers time and money. Today we’re going to explore FTL and LTL shipping, and the advantages and disadvantages of each method.
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Some of these strategies and techniques can be difficult to understand-but we’ve got you covered!įull Truckload (FTL) and Less Than Truckload (LTL) are shipping methods that carriers use to provide a high level of customized service to shippers. Increased consumer demand for 2-day, next day or even same day delivery has given rise to an era of fast technological innovation in the logistics and transportation field.Īs shippers evolve to keep up with heightened consumer expectations, the transportation and logistics industry has followed suit, developing technologies, techniques and strategies to get materials and products from point A to point B more efficiently. In today’s complex shipping and logistics world, carriers differentiate themselves from the pack through speed, efficiency, cost and communication.