LTL vs. Shared Truckload: eliminate the inefficiencies hurting your bottom line
Shippers moving less than truckload (LTL) understand that every hub, spoke, and terminal can increase a shipment’s risk of damage, delay, and loss.
But just how much, and how often, do these risks impact your bottom line? A 2022 study shows these complications can squeeze profitability more than you’d expect.
Avg. fee per late/
damaged LTL shipment.
Percent of LTL shippers
with damaged freight.
Learnings from 2022
Solve LTL’s key challenges with
shared truckload (STL).
Ready to learn how STL can help you ship more efficiently?
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The data supporting the content and objectives set forth come from an online survey conducted by Drive Research, a third party not affiliated with Flock Freight. Fieldwork for the survey began on February 3 and ended February 23, 2023. With a probabilistic sample, a total of 200 responses at the 95% confidence level offers a 7% margin of error. If the survey were conducted with another random pool of 200 respondents, the results would yield within +7% or -7% of the stated totals in the reports. The margin of error can be used as a guideline to understand the reliability of these results. Refer to the research report for additional details.
Say goodbye to the hidden costs associated with LTL. When you ship STL, what you’re quoted is what you pay.
Avoid Hidden Costs
Eliminate excessive handling and delays. Unlike LTL, STL skips the hub-and-spoke system so your goods arrive at their destination on time and intact.
· LTL shippers paid an average of $1,988 out of pocket per damaged and late shipment, and an average of $83,064 in OTIF fees annually.
· 86% of LTL shippers experienced freight damage, often requiring them to remanufacture and reship
their goods. On top of that, carriers only covered
66% of claims.