What is full truckload (FTL)
The full truckload (FTL) market refers to the segment of the trucking industry that specializes in transporting larger shipments or freight that require a full truckload. Full truckload carriers typically transport a single shipper's goods on a single truck and charge a flat rate for the entire load.
FTL shipments are typically larger and more time-sensitive than less-than-truckload (LTL) shipments, which are consolidated from multiple shippers onto a single truck. FTL shipments may also require specialized equipment or handling, such as refrigerated trailers for temperature-controlled shipments.
The FTL market is an important part of the overall trucking industry, as it helps to transport a wide variety of goods, including manufactured goods, raw materials, and consumer products, from one location to another. FTL carriers may work with shippers directly or through intermediaries such as freight brokers.
Understanding and tracking trends in the FTL market can be important for carriers, shippers, freight brokers, and other stakeholders in the transportation industry, as it can help them make informed decisions about business strategy and operations.