New LTL Freight Class Rules Are In Effect
The National Motor Freight Traffic Association (NMFTA) has reworked their freight classification system and officially went into effect Saturday July 19th.
The new coding system will still be evaluating freight on four characteristics: density, handling, stowability and liability. But the density characteristic will be seeing an extra emphasis, to accurately reflect the actual cost of shipping goods. Additionally, the previous 11-sub scale has been updated to a more accurate 13-sub density scale.
The aim of this update is to make the system easier to use, minimize expensive reclassification charges, and provide more accurate freight rates from the start, Freightwaves notes. More updates to this classification system are expected throughout future months and years.
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