Whether you are shipping truckload or LTL, there are always ways to save costs on your freight spend. One of the easiest things you can do that will have the most impact to your bottom line is to dedicate time to thoroughly evaluate your freight bills. Review every charge-back, vendor penalty, and accessorial fee over the last few months.
And what you can do about mitigating LTL costs ...
LTL rates have remained high since the freight recession hit in Q4 of 2018, and to some, this is hard to understand. Conventional wisdom says that when market pricing for truckload shipments rises, so does Less-than-truckload (LTL) pricing. Conversely, when truckload pricing dips, so should LTL, but we are beginning to see a shift in the industry that is far from normal.
... that could be costing you money ! 😐
Shippers who have truckload freight occasionally need LTL, intermodal or oversized freight services. These sporadic and out of the ordinary loads can be hard to cover if you work with a 3PL that specializes in only one or two mode offerings.