Con-way Freight, the less-than-truckload unit of Con-way Inc, said Monday it was introducing a new LTL pricing structure it said will streamline and cap payments.
The service, known as 鈥淭rue LTL Pricing,鈥 is the trucking industry鈥檚 鈥渇irst capped pricing model,鈥 Con-way said in a statement, adding that it will offer customers uncomplicated, truckload-style pricing for large LTL shipments.
The model is 鈥減redictable and less expensive than truckload鈥 and will eliminate the uncertainty, complexity and waste of previous LTL pricing models, Con-way said.
鈥淐ustomers want LTL shipping to be easy to use and less expensive than truckload, no matter whether their shipments are large or small,鈥 said Sean Devine, vice president of pricing for Con-way Freight.
鈥淭rue LTL Pricing offers this certainty to everyone without the need for negotiations, along with all the advantages of Con-way Freight鈥檚 optimized network,鈥 he said in a statement.
Con-way Inc. is ranked 6 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
