A small load doesn’t necessarily mean less profits.
LTL (less than truckload or partial truckload) shipments can have a very positive effect on increasing revenue, despite them being unpopular with truckers. Data shows that in a usual week, only 6% of loads are LTL shipments. As most truckers prefer carrying full truckloads, a very small amount list their trucks as available to carry LTL in the first place. It may seem counterintuitive, as LTL shipments pay less than full loads so it seems unlikely that carrying these loads increase truck driver revenue per mile. However, as these loads are lighter, the use a smaller volume of a truck’s weight and capacity, actually offering 2-6 times more revenue per pound. Read on to learn more about the benefits and opportunities of carrying LTL loads.
Couple An LTL With Another Partial Load
As long as these loads don’t weigh out, carrying two separate loads to the same destination can actually do wonders for your revenue. This is one way to take full advantage of the space you have.
Consolidate Multiple Partials Into A Full Truckload
Consolidation in this way offers massively high returns, which can actually far exceed the standard truckload rate. However, do not forget that LTL freight can be far more labor intensive than truckload. Also, the number of shipments you can take is not unlimited and coordinating a high number of them can be tricky.
Getting Partial Is Better Than Getting Nothing
When it comes down to it, choosing to haul nothing over an LTL is just not practical. Receiving a percentage of full truckload price is better than receiving none whatsoever, and opening yourself up to LTL loads opens up your revenue opportunities.
Get In Touch With Baltimore Freightliner Western Star Today
If you’re in the trucking business or are looking to discover more about commercial truck sales, call on Baltimore Freightliner-Western Star. You can call toll-free at 800-832-7278 or locally at 410-685-4474 or email us your questions and concerns at info@baltimorefreightliner.com. Does your truck need repair, maintenance, or service? Contact our service manager, Jessica Levine, at jessica.levine@baltimorefreightliner.com.
Since 1986, Baltimore Freightliner-Western Star has provided top quality service for the trucking industry. Whether you need to purchase specialized truck parts from our expansive inventory, grow your fleet with our selection of top-tier trucks, or have your company’s trucks serviced or repaired, Baltimore Freightliner-Western Star is the best choice in trucking.
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Tags: freightliners, LTL, LTL freight, revenue, trucks