Trucking: Density-Based Pricing for LTL Shipping

Many carriers have shifted from the traditional National Motor Freight Classification (NMFC) rate-setting formula to density-based pricing, which prices freight according to the amount of space the shipment uses in the truck. This new pricing model has had a significant impact on shippers – making it important to understand the new pricing methods for LTL (less-than-truckload) shipments, what’s currently happening in the LTL industry, and some of its key market challenges. Logistics Viewpoints.