Freightsharing

Freightsharing refers to the practice of companies or individuals sharing available cargo space on transportation vehicles to reduce costs and optimize logistics. This can involve sharing a full truckload with multiple shippers, or utilizing unused space on less-than-truckload (LTL) shipments. The core principle is to avoid sending vehicles out with empty or partially filled capacity, thereby increasing efficiency and reducing the environmental impact of transportation.

This collaborative approach benefits both shippers and carriers. Shippers can access more affordable transportation options as the cost of a single shipment is divided among multiple parties. Carriers, in turn, can maximize their revenue by filling their vehicles more completely and reducing the number of empty miles driven. Freightsharing can be facilitated through various platforms, including digital marketplaces and logistics providers that specialize in consolidating shipments.

The growth of freightsharing is driven by increasing demands for cost-effectiveness, sustainability, and agility in supply chains. It is a key component of the broader trend towards collaborative logistics and the sharing economy applied to the transportation sector. Companies engaged in freightsharing often implement sophisticated software solutions to manage the complexities of load matching, route optimization, and pricing.