When you’re in the shipping business, it’s important to have a solid understanding of what your costs are going to be, what you can charge for your services and how you can determine the numbers that back the data for everything. If you don’t have a strong understanding of where these figures originate from, you’re going to have a difficult time staying in business, as you won’t understand things like your cash flow, expenses and profits.
LTL (“less than truckload”) shipment are those that are made up of smaller freight that won’t take up your entire truck. Our team here at K-Way Express, Inc. works with customers every day who need LTL trucking in Minnesota, and we’re glad to have developed systems that work well for all parties involved to accommodate our clients’ needs.
Know your freight classes
Freight classes can change the costs of a shipment for a consumer, so they’re very important to understand. As an LTL trucking company in Minnesota, we know the rule of thumb is that the easier it is to pack a truck and the more heft the product has, the cheaper it’s going to be. Something that can be shrinkwrapped onto your standard pallet is easy to pack and ship, and its density means it makes an efficient usage of space, so it’s going to clock in at the lowest rate. On the other hand, shipping a huge box of ping pong balls is going to be at the higher end because it’s so low density.
How can you determine the class of shipment?
When we handle LTL trucking in Minnesota, we know various types of freight are usually evaluated using four criteria: density, handling, liability and stowability. Density means the pounds per cubic foot—higher density means lower freight class. Handling is the ease of moving the goods around—if you’re moving china dishes, it’s going to mean that this freight will be assigned to a higher freight class. Liability goes in hand in hand with this previous criterion—perishability and fragility of the types of freight can all lead to the cargo being placed in a higher freight class. Finally, stowability means how easily the cargo can be packed onto a truck bed—if it’s on pallets or otherwise configured to maximize space, it will be in a lower freight class.
Benefits of LTL shipping
LTL trucking in Minnesota can have a lot of benefits for the customer. It reduces their costs, first and foremost, since they are not paying for the entire trailer, but rather just the portion they use. It also increases security, because having everything on one larger pallet is usually a better idea than scattering it across several shipments. Furthermore, LTL shipping can include additional services like inside pickup and delivery, or tracking capabilities that let clients know where their goods are and when they can expect to have them delivered.
Knowing how to classify your freight is an important part of shipping, but if you have any questions at all, you can always talk with an experienced carrier that will help you figure out which freight class applies to your cargo. Call K-Way Express, Inc. today to learn more!