Less Than Truckload shipping is a logistics industry term referring to shipments that are less than a full cargo load, and often transported alongside other shipments during the same trip. This allows for more cost effective load, and has a range of benefits for both clients and logistics companies.
If you don’t know whether LTL shipments are right for your business, we’ve put together this handy piece on less than truckload shipping market growth, future prospects and competitive analysis of LTL.
Less than Truckload Shipping Market Growth, Future Prospects And Competitive Analysis
Less Than Truckload Shipping Market Growth
The demand for Less-than-Truckload shipments have grown in the past five years, especially due to the changing demands of customers – and the fact that product demand is now more than ever, and needs to be faster than ever. This boom in the general consumer market has led to an increased demand for LTL shipments – and more companies offering the service. The market growth has also meant that there’s more room for companies already doing shipments (that’s likely you!) to grow their businesses even further.
LTL Future Prospects
The future of Less-than-Truckload shipments indicate only further growth – and even more of a demand to get products from the one end to the other. Both clients and businesses need this process to happen as soon as possible. Every day, there are more products and produce on the market that have to get somewhere – and the future prospects of LTL shipments only indicate further growth.
Less Than Truckload (LTL) Competitive Analysis
The rise of the demand for more Less-than-Truckload shipments has led to the fact that there’s an increasing demand for the companies providing the service – and it’s only natural that many more, newer companies have come into play. It’s likely that many of these companies will fold within their first year according to the basic rules of business, and in the end only the stronger, sustainable companies will stick around – as a business owner, make sure this describes you.
The Junction LLC
As a leader in the transportation industry, we demand excellence from our entire team. Our team at The Junction LLC strives to deliver the best possible customer service and is driven by a desire to solve our customer’s toughest transportation and supply chain needs.
Our team is dedicated to serving our customers and will take the necessary action to deliver our customers’ products safely, efficiently, and on-time. This is our promise to you!
Nationwide Services include:
Trucking & Freight Shipping Services:
- Time sensitive shipments
- LTL (Less-Than-Truckload)
- FTL (Full Truckload)
- Flatbed LTLRGN (removable goose neck lowboy)
- RGN (removable goose neck lowboy)
- Maxi’s / A-Train / B-Train
- Heavy Haul
- Over Dimensional
- Dry Van
- Dry Van LTL
- Refrigerated LTL
- Power Only
- Our sister companies can also provide warehousing in our food grade facilities, cross-docking, and contract warehousing.