Expedited Freight
Expedited freight refers to a shipping method that prioritizes speed and efficiency. Moreover, it’s designed for time-sensitive shipments that cannot afford delays in transit.
Shippers employ expedited freight services to ensure precise delivery of goods to customers, often targeting a particular date and sometimes even a specific time of day. In contrast, standard non-expedited transportation services exhibit varying delivery accuracy rates, ranging from a high of 98% to less than 50% on time. Furthermore, these rates are subject to change based on the overall capacity of the industry and the management practices of individual carriers.
Functionalities of Expedited Freight
Four major industries rely on expedited freight companies for various reasons. Typically, products requiring swift delivery due to their limited shelf life during long shipment routes fall within these categories:
Medical Industry: Valuable devices and temperature-sensitive medical supplies cannot tolerate extended freight travel. Quick delivery is crucial to maintain their integrity.
Pharmaceutical Industry: Patients dependent on life-saving medications require prompt refills. Expedited freight ensures the timely delivery of these crucial pharmaceuticals.
Manufacturing Industry: Time is of the essence in manufacturing. Timely arrival of parts is essential to prevent project delays and meet production deadlines.
E-Commerce Industry: With the rapid growth of online retail, many stores now provide expedited shipping options such as two-day or overnight delivery. Expedited freight plays a vital role in meeting these accelerated shipping demands.