LTL Tricks to Save MoneyPosted On 4th January 2016
LTL Trick Tip #1 - Know Your Freight
If it turns out the dimensions or weight or NMFC code you provided are wrong, it can get VERY expensive VERY fast. Common carriers have increased the number of freight inspections they do by 300% in order to generate maximum revenue. So carefully catalog and document what you ship - including measurements - so you can dispute any negative inspections with data, and to avoid such inspections in the first place. If you are not the shipper, but say the Purchasing Manager responsible for all incoming freight charges, demand such data in advance from your vendors so you can negotiate your rates most effectively.
LTL Trick Tip #2 - Find A Dependable Online Automated Freight Broker
Online Automated Brokersare revolutionary in transparency and competition. Every service option is available to you at your fingertips.
Common carriers, with their NMFC Tariff based pricing systems, are forced to compete against pallet carriers and contract carriers who don't care about your NMFC number. They only care about the weight of your freight, and the space it takes up on their truck. This is a terrific simplification of shipping! These new systems will lead to more rational pricing for all of us!
LTL Trick Tip #3 - Carrier Reviews
Read online carrier reviews and contribute to them yourself. The information provided by your fellow shippers tends to be more legitimate than the "99% on time delivery" claims by the carriers themselves. It might be OK for you to go with the least expensive carrier, if the reliability tradeoff is not prohibitive. Your peers can give you insight as to the risks of shipping with each carrier.
LTL Trick Tip #4 - Use the Spot Truck Market
Contact your favorite individual broker to get a spot rate for your 3 skid or greater shipments (volume shipments) and your truckload shipments. Volume Common Carrier prices can be good in certain lanes, although transit time can quite a bit longer than a direct spot truck, which may need a tail load or a half load in the direction your freight is headed. Freight Specialists can find that one truck willing to discount his capacity for a load today or tomorrow in that exact direction.
LTL Trick Tip #5 - Combine Your Shipments
Combine geographically similar freight from various vendors or to various customers into a Truckload shipment or at least a larger shipment and then work with your Freight Specialist to find a contract carrier willing to move it at a competitive price.
For example, if you are shipping from the Northeast, the truck can drop off your freight first in Ohio, then in Illinois. This can be an economical way to book a truck and the service is fast and furious. Freight savings can be strategic. Think about grouping your outgoing shipments more strategically, and either give the freight savings to your distributors or keep them in house to increase your margins.
If you are a Purchasing Manager, you can do the same thing in reverse. Use the same truck to pick up freight at various geographically strategic vendors.
We hope, these tricks help you to find the cheapest LTL freight shipping.
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