IT’S TIME TO START CO-LOADING
If you ship or receive products using under-utilized truckloads (TL), you are paying for the transportation of empty spaces. If you are using less-than-truckloads (LTL), you’re paying for the expensive hub & spoke network of the LTL carriers.
THROUGH CO-LOADING YOU CAN AVOID THESE EXPENSIVE OPTIONS WHILE MAINTAINING YOUR SERVICE LEVELS.
Our co-loading solution enables you to share spaces on the same trucks with other companies by leveraging their shipping volumes. This solution reduces transportation costs, CO2 emissions, road congestion and depreciation of our transportation infrastructure.
WHAT IS CO-LOADING?
Co-loading (co-shipping) is the equivalent of ridesharing or carpooling for freight transportation. Companies can share space on the same trucks in three ways:
- Combine underutilized truckloads (TL) with less-than-truckload (LTL) shipments
- Combine multiple LTL shipments together
- Combine multiple underutilized TL shipments together
The end result is a co-loaded multi-stop truckload (MSTL).
Co-loading reduces transportation costs by:
- Improving the space utilization of truckloads
- Shifting the transportation mode from LTL to TL and bypassing the expensive LTL hub and spoke network
TRANSPORTATION COST REDUCTION
Co-loading can reduce your transportation cost on specific lanes up to 30% through better utilization of empty spaces on truckloads (TL), and LTL to TL mode shift.
INVENTORY AND RECEIVING COST REDUCTION
If you co-load, you make it easier for yourself, your suppliers or customers to deal with smaller order sizes which reduces your inventory and the associated holding costs. Co-loading may also result in lower inbound receiving costs due to having multiple orders on the same shipments which means fewer inbound deliveries.
TRANSPORTATION CAPACITY IMPROVEMENT
The reduction in driver’s working hours and the improvements in the economy are tightening the transportation capacity. Co-loading will give you the resilience to deal with this issue by allowing you to utilize your capacity that is not deemed usable today.
LESS-THAN-TRUCKLOAD (LTL) MODE SHIFT
Co-loading can create a mode shift from LTL to truckload. This mode shift not only can reduce your transportation costs, it can shorten your lead times to your customers and reduce product handling related damages that are common in LTL shipments.
The underutilized transportation capacity is not only expensive, it approximately represents 2.5% of the overall CO2 emissions generated in the US. Co-loading helps the environment by reducing truck-miles traveled.
ROADWAY SAFETY IMPROVEMENT
According to USDOT, there are 1.85 fatal crashes per 100 million vehicle-miles traveled annually for large trucks. Fewer truck-miles traveled means lower possibility of accidents.
INFRASTRUCTURE COST REDUCTION
Studies show that trucks cause 5-7.5 cents infrastructure damage per ton-mile traveled on interstate or county roads. Fewer truck-miles traveled means less tax payer money spent on the roads.