Getting billing adjustments from the freight carriers? Knowing the correct freight class and NMFC Code will save you money and time.
NMFC Codes: What Are They?
NMFC stands for National Motor Freight Classification, and it is the bible of the LTL (Less Than Truckload ) industry. NMFC codes of which there are many all break down into 18 classes. Class 50 is the lowest and 500 the highest, based on factors listed below.
Carriers base class on four shipment characteristics:
Density – Are you shipping an engine or a plastic cabinet?
Stowability – How is your shipment being packed for transit?
Handling – Is the freight palletized or are you shipping a loose item such as a forklift?
Liability – Are you shipping valuable electronic equipment, fine china, or 10 boxes of household goods?
Get it right the first time. If you guess wrong, you expose yourself to the rebilling department of the carriers which will end up costing more.