Types of Orders
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Types of orders
Transportation by Less Than Truckload (LTL) and Full Truckload (FTL) are two different methods of shipping goods by road.
LTL refers to less-than-truckload. LTL is when multiple shippers’ freight is on the same trailer rather than having a single company’s freight exclusively on an individual trailer. Several LTL shipments are combined into one truck to fill it as near to capacity as possible.
FTL refers to full truckload freight. FTL shipping is commonly used for large shipments that require taking up the entire truck. With FTL, your freight is the only freight moving on an individual truck.
Advantages of LTL
(Less Than Truckload) Shipping:
- Cost-Efficiency
- Flexibility
- Reduced Carbon Footprint
- Access to Specialized Services
Advantages of FTL
Shipping:
- Faster Transit Times
- Reduced Risk of Damage
- More Control and Security
- Dedicated Capacity
- Simplified Tracking and Documentation
Spot orders and contract orders
Spot orders and contract orders are two common approaches used in logistics for freight transportation.
The spot orders are an agreement for immediate or short-term needs. For these orders, shippers and carriers enter into one-time, ad-hoc agreements to move goods without any long-term commitments.
Contract orders involve long-term agreements between shippers and carriers for the transportation of goods over an extended period. In this arrangement, the parties agree to specific terms, including service levels, rates, and capacity commitments. Contracts can span weeks, months, or even years, depending on the needs of both parties.
Ultimately, the choice between spot market and contract orders in logistics depends on factors like shipment volume, frequency, seasonal demand, budget considerations, and the level of flexibility required by the shipper. Many shippers use a combination of both approaches to optimize their logistics operations and achieve a balance between flexibility and stability.