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Less-than-truckload shipping. Less-than-truckload shipping or less than load ( LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 pounds (68 kg).
A common property-carrying commercial vehicle in the United States is the tractor-trailer, also known as an "18-wheeler" or "semi". The trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over land—typically from manufacturing plants to retail distribution centers.
The National Motor Freight Classification ( NMFC) is a North American voluntary standard that provides a comparison of commodities moving in interstate, intrastate and international commerce via freight shipment. The standard is developed and maintained by the Freight Classification Development Council (FCDC) and published by the National Motor ...
The trucking industry in the United Stateshas affected the political and economic history of the United Statesin the 20th century. Before the invention of automobiles, most freightwas moved by trainor horse-drawn vehicle. During World War I, the military was the first to use trucks extensively. With the increased construction of paved roads ...
XPO is the second largest provider of less-than-truckload services in North America. [38] Since November 2022, the company's North American operations have been solely focused on LTL freight transportation. [39] LTL is a freight model which involves shipping smaller quantities of goods for multiple customers at a time. [40]
Total Quality Logistics. Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. [ 4 ] It was founded in 1997 by Ken Oaks in Cincinnati, and is headquartered in nearby Union Township, Clermont County, Ohio. [ 5 ][ 6 ][ 7 ] As of 2021, TQL is the largest private company in greater Cincinnati according ...
The company reduced its use of purchased transportation in the quarter, or outsourced linehaul carry, and that, along with higher prices, helped lower the adjusted operating ratio in the core ...
Freight rate. A freight rate (historically and in ship chartering simply freight[ 1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.