The less-than-truckload (“LTL”) trucking industry has been moving toward new pricing methodologies. The National Motor Freight Classification (“NMFC”) has reclassified hundreds of articles with density-based classifications and major changes are coming in just a few months that will have widespread impact on shipping practices, freight rates and charges. Panelists representing the National Motor Freight Traffic Association, a major LTL carrier and LTL shipper will tell you what you need to know and should do to prepare for these changes.

Topics will include:

• Criteria for establishing new density-related classification of articles
• Equipment requirements, scales, cubic scanners and measurement devices
• Problems for small or occasional shippers and those with multiple shipping locations
• Changes to packaging and palletization to minimize costs
• Potential for freight charge disputes – undercharges (balance due bills) and overcharges (refunds)
• Impact on brokers and 3PL’s
• Impact on freight forwarders or shippers of TL consolidations of LTL
• Changes to bills of lading – USBOL, shipper prepared BOL’S, etc.
• Impact on FAK rates
• Liability limitations – released rates, tariff limitations based on density instead of value
• Impact on TMS (transportation management systems) and software, procedures
• Changes to shipper-carrier contracts

Moderator

Jerrod Slaughter, Sr. Director of Global Logistics, KEEN Inc.

Panelists

Darryl Gash, Corporate Logistics Manager, Dillard’s Logistics

Keith Peterson, Director of Operations, NMFTA

David Schwartz, Senior Manager of Pricing & Supply Chain Analytics, ArcBest