We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Survey: only 55% of shippers filled their LTL trucks to full capacity in 2022

Survey: only 55% of shippers filled their LTL trucks to full capacity in 2022

Flock Freight says exorbitant fees and wasted capacity threatened shippers’ profitability.

flock Screen Shot 2023-03-30 at 4.30.35 PM.png
March 30, 2023
Supply Chain Quarterly Staff
No Comments

Only 55% of shippers filled their trucks to capacity last year, according to a freight market study commissioned by tech firm Flock Freight concluding that wasted space and damaged loads overshadowed otherwise favorable business conditions in 2022.

Those shippers that could not fill their trucks were unable to fill an average 25 out of 53 linear feet of available deck space, and one in five truckloads moved completely empty in 2022, the firm said.

Flock Freight drew the conclusions from its annual survey, which was conducted by third party polling company Drive Research and included 200 responses collected between February 3 and 23.

The survey showed that exorbitant fees and wasted capacity threatened shippers’ profitability despite a favorable deflationary market throughout 2022, Flock Freight said. Other survey statistics showed:

  • Less than truckload (LTL) shippers paid an average of $1,988 for each damaged and late shipment
  • On time in full (OTIF) fees are costing shippers $253,198 in average, with $83,064 from LTL shipments in 2022
  • 86% of LTL shippers experienced damage claims in 2022, with LTL carriers covering only 66% of those damage claims
  • 22.2% of LTL shipments incurred accessorial fees in 2022
  • 19.2% of LTL shipments incurred OTIF fees in 2022
  • 21% of U.S. truckload freight capacity is going to waste within partially empty trucks

 

 

 

Trucking
KEYWORDS Flock Freight
    • Related Articles

      50% of shippers have increased their 3PL spend in past two years

      Survey Reveals 55% of Automotive Manufacturers Still Rely on Spreadsheets for Quality Management

      Shippers turn to creative solutions to seize capacity in a “carriers’ market"

    Recent Articles by Supply Chain Quarterly Staff

    Nearshoring trend sparks demand for logistics real estate in Mexico

    Airfreight rates in May skidded to their lowest level since March 2020

    FMCSA’s Truck Leasing Task Force to hold first meeting in July

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Report: Sagging freight stats show that trucking sector is returning to its historic mean

    • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

    • Heavy transport across two continents

    • Survey: most Americans unaware that truckers face shortage of parking spaces

    • Supply chain executives not yet seeing expected results from technology investments

    Featured Video

    Household goods customs broker thumb

    Household Goods Customs Broker

    Viewer Contributed
    Household Goods Customs Broker :Gallagher Transport International is a highly experienced customs broker specializing in household goods, providing efficient and cost-effective customs clearance services while ensuring compliance with all necessary regulations. Our Services Include: Importing & Exporting...

    FEATURED WHITE PAPERS

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    • Five tips for parcel success in 2023

    • Guide to Pallet Rack Safety

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing