Have you ever thought of how the trucking industry is significant to the economic sustainability of any country? Well, this industry is a primary driver for economic growth, more so the Less-Than-Truckload (LTL).
Less-Than-Truckload (LTL) companies provide freight shipment and other related services to client businesses for small loads. LTL companies are essential service providers regarding the overall trucking industry.
For instance, 2019 research shows that trucks transported over 70 percent of all freight in the United States.
Notably, the trucking industry was a $790 billion industry that shipped over 11 billion freight tons to various destinations across the country.
In 2020 only, the US federal government has spent a fortune in awarding contracts to about 4 Less-Than-Truckload (LTL) companies, with the total expenditure extending to about $494000.
Often, various national parcel agencies and logistic expert companies such as LTL Hub provide Less-Than-Truckload (LTL) services to wholesalers and other business clients to address small freight gaps. LTL hub company uses variables that inform freight charges.
Such variables include:
- The freight origin
- The destination
- Types of packaging mechanism
- Number of packaging pallets
- The weight and if there is any need for special handling of freight packages
Despite some variables, the freight weight and size play a fundamental role in determining whether the freight qualifies for LTL or fully loaded trucks. Often, Less-Than-Truckload (LTL) companies deliver freight loads of 150 to 15000 pounds.
Why Less-Than-Truckload (LTL)?
Through Less-Than-Truckload (LTL) companies, businesses enjoy several advantages concerning access and controlling their freights.
Some vital benefits of hiring a Less-Than-Truckload (LTL) company such as the LTL Hub include:
1. Reduces cost
Saving in freight costs may be the ultimate goal of any business. Therefore, LTL companies help their clients access small loads by paying for the used portions of the trucks rather than the whole trailer. Other clients cover the rest of the shipment costs for the trailer spaces they occupy.
Also, LTL giants such as LTL Hub provide their clients with specialized, simple, and visible services that help in transforming their logistics and supply chain management. Such services help to save the extra cost of managing vital business processes.
2. Increases freight security
The security of your freight is fundamental in determining whether you would access your shipments in time or their original nature. LTL Hub is an example of Less-Than-Truckload companies that integrate various approaches to protect your freight packages.
For instance, the utilization of the modest forms of technologies such as package tracking and process automation enables clients to access their packages in their excellent conditions.
3. Additional benefits
Alongside providing cost-effective and freight security services, Less-Than-Truckload agencies also offer their clients with extra services as a way of maintaining positive partnerships and professionalism. They provide some additional services in the form of lift gates, deliveries, and inside pickups.
Final Thoughts
Less-Than-Truckload (LTL) industry is a fast-growing sector that complements the overall trucking industry. Considering several shreds of statistical evidence to ascertain the claims of the LTL growth in recent years, it is essential to consider various benefits attributed to LTL giants such as the LTL Hub.
There are a handful of benefits of hiring a reliable LTL agency.
Therefore, you have a wide range of advantages to inform your freight shipment decisions.
