The freight transportation system is one of the largest industries in the United States, both in terms of scope and economy. According to the U.S. Department of Transportation, freight transportation directly affects more than 44 million jobs in the country, which is nothing to say of the millions of homes and businesses that require freight for everyday survival.
Freight transit is an expanding industry, with estimates suggesting a 45% increase in freight tonnage by the year 2040. That equates to about 9 billion tons of total freight added to the already massive 54 million tons of daily freight that’s currently shipped throughout the country.
Many businesses have turned to less-than truckload (LTL) freight shipping as a means of saving on shipping costs without sacrificing quality of service, but one of the biggest difficulties for new businesses is understanding freight class. Read on to learn about the meaning of LTL shipping, the importance of freight class, how you can determine the freight class of your shipments, and why shared truckload shipping doesn’t require freight class.