The difference between a pallet and skid is based on the construction. A pallet has four boards for the base that extend from each corner while a skid only has two boards as a base.
Pallet
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Dimensions are usually 48″ X 40″
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Consists of a base extending from all four corners.
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More difficult to drag due to the base having four boards
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Better for stacking due to rigidity
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Easier for a forklift to move
Skid
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Dimensions can vary based on construction requirements
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Does not have a bottom decks which makes it easier to drag
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More flexible than a pallet