In Q2 2023, we continued to see signs of capacity correction following a temporary surge in pent-up demand last year. Now, amid rising supply chain costs and a softening freight market, shippers are taking a step back to reevaluate their logistics strategies. In particular, small-to-midsize businesses (SMBs) are increasingly looking to adopt digitally-enabled transportation services to better plan and react to evolving market conditions.
For many supply chains, less-than-truckload (LTL) freight has become a primary shipping solution. The LTL method entails multiple shippers using the same truck to move smaller loads. Transportation costs are typically calculated based on the amount of space used, the class of items being shipped, and locations for pickup and delivery. LTL shipping empowers businesses to deliver orders with greater speed and flexibility, as well as save on resources that would otherwise be spent on unneeded truck space and fees.
More than ever, shippers are leveraging LTL to safely, efficiently, and cost-effectively deliver their goods. While tonnage and freight rates have been in consistent decline since late last year, early 2023 saw the LTL rate per pound index rise by 1.1% quarter-over-quarter and 20.4% year-over-year. Demand for LTL is still holding strong despite capacity oversupply across the board. Shippers of all sizes are relying on LTL to make the most of their transportation budgets and maintain a competitive edge in a fast-changing market.
To step up your LTL shipping, look no further. Uber Freight’s LTL solution offers businesses a simple and flexible way to move loads, reduce freight costs, and easily create, view, and pay for shipments directly from a comprehensive Shipper Platform. Shippers can also receive instant LTL quotes from a network of more than 150+ LTL carriers, offering competitive and transparent pricing. Some of the leading carriers from our network include AAA Cooper, XPO, Estes, Roadrunner, and TForce.
Using Uber Freight’s Shipper Platform, shippers can compare quotes across full truckload (FTL) and LTL and choose carriers that meet their needs by volume size, urgency, delivery date, accessorial, cost, and truck type. Uber Freight’s LTL solution can be used to support all kinds of use cases: these include delivering last-mile goods to distribution and fulfillment centers or rural and remote areas, covering seasonal or holiday spikes, or simply moving goods when there aren’t enough loads to ship FTL.
Uber Freight’s LTL solution offers shippers a simple and flexible way to move loads, reduce freight costs, and easily create, view, and pay for shipments directly from our shipper platform. Shippers can receive instant quotes from our network of over 150+ LTL carriers, offering competitive and transparent pricing. Some of the leading carriers from our network include AAA Cooper, Conway, Estes, Roadrunner, and UPS Freight.
Shippers can compare freight quotes across full truckload (FTL) and LTL within a single platform and choose carriers that meet their needs by volume size, urgency, delivery date, accessorial, cost, truck type, and more. Shippers can choose our LTL shipping solutions for a variety of use cases, including delivering last-mile goods to distribution and fulfillment centers or rural and remote areas, covering seasonal or holiday spikes, or simply moving goods when they don’t have enough for FTL at a given moment.
Moving LTL enables shippers to save on transportation costs—but it can get complicated, fast. The process typically requires multi-shipper collaboration, load analysis and optimization, reliable access to updated documents between all involved parties, and coordination with carriers to ensure that delivery timelines are being met.
For Portland-based furniture company Fully, LTL was the method of choice to ship small orders of office chairs, standing desks, and workstations to customers. But dealing with clunky carrier websites and complicated user portals often resulted in documentation errors, requiring frequent revisions to key shipment details.
With Uber Freight’s Shipper Platform, Fully’s team can now book, manage, and track their loads seamlessly in real time, using a suite of tech-enabled tools to streamline their operations from one central hub. The platform’s load optimization capabilities—coupled with instant access to an expansive digital carrier network and affordable shipping options—set Fully up for success.
In the first month of working with Uber Freight in late Summer 2022, the retailer saved $243 per order, achieving nearly $16,000 in ongoing monthly cost savings.
Luna Furniture, a Houston-based furniture company, also uses Uber Freight’s LTL capabilities and has seen immediate benefits.
“Over the years, we’ve ingrained innovative approaches to distributing furniture nationwide,” says Aaron Demir, General Manager, Luna Furniture. “Along the way, we’ve turned to Uber Freight’s LTL capabilities to support our demands. Of all the companies we’ve worked with, Uber Freight stands out among the rest. They’ve provided user-friendly, seamless technology and features that are essential to keeping our business growing.”
With Uber Freight, shippers of all sizes can collaborate and move goods efficiently, optimize shipments, reduce transportation costs, and minimize wasted miles. To learn more, contact our LTL team at ltl-sales@uber.com and sign up today for an instant quote.
With instant quotes, real-time tracking, and 24/7 access to trusted carriers, Uber helps streamline your operations.
With upfront pricing, instant booking, and facility ratings, Uber Freight puts you in the driver’s seat.