Truckload (FTL) Defined in 100 Words
Definition of Truckload (FTL)
Truckload (FTL) is the freight mode that shippers utilize when they require the full 53' space of a trailer for a shipment.
The max weight of a full truckload is roughly 45,000 pounds.
Whether it be dry van, flatbed, or refrigerated, shippers can move their freight quicker from origin to destination under this transportation mode versus the other 53' capacity option of intermodal.
Full truckload shipments are less prone to damage or theft, since the load is under one driver through its entire route.
The truckload market is $700 billion in revenue and is highly segmented with the US Department of Transportation reporting there are over 700,000 registered motor carriers, with 91.0% operating 6 or fewer trucks and 97.3% operating fewer than 20 trucks.
The ability to tap into 100% of capacity is extremely difficult, which is the reason many companies utilize freight brokers and logistics service providers to help them access more FTL carriers.
Other articles of interest associated with truckload and truckload brokerage:
- Best Truckload Companies (and How to Choose)
- Why Diversification of Truckload & Intermodal is Key to Logistics Success
- Logistics Service Providers vs Motor Carriers: Comparing the Differences
- Top 20 Freight Brokerage Companies (& How to Choose The Best)
- Logistic Service Provider (LSP) vs Freight Broker: A Comprehensive Comparison