Road Scholar | Transport Blog's

The National Motor Freight Traffic Association (NMFTA) announced back in November a major update to the less-than-truckload (LTL) freight classification system, set to launch on July 19, 2025.   Supported by the new ClassIT+ digital platform, which replaces the current online ClassIT system, these transformative changes aim to simplify freight classification and enhance transparency for shippers, carriers, and third-party logistics providers. Why the Update Matters Freight classification is a critical component of LTL shipping.   The NMFC (National Motor Freight Classification) assigns classes based on factors like density, stowability, handling, and liability.   Incorrect classification can lead to significant cost discrepancies, causing shippers to pay more than necessary or carriers to suffer from revenue losses.   NMFTA’s revamped system is designed to address these issues head-on: Simplified Process: By introducing a more intuitive classificat...

The trucking industry is grappling with a severe driver shortage that is costing the freight sector nearly $95.5 million every week.   According to a recent report by altLine Freight Factoring, approximately 24,000 truck drivers are missing from the labor pool, leading to countless trucks sitting idle and massive lost revenue opportunities.   This blog delves into the report’s key findings, the economic potential of a fully staffed industry, and regional differences that highlight the unique challenges and opportunities across the country. The Economic Impact of an Unfilled Fleet The report analyzed data from November 22 to December 5, 2024, and revealed startling figures: Missed Revenue Opportunity: If all registered trucks were operational, the freight industry could generate an estimated $47.4 billion in annual revenue. Weekly Cost per Truck: Each idle truck costs approximately $3,971 per week in lost revenue. Total Shortfall: With a...