Freight Cost Formula:
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Definition: This calculator estimates shipping costs for Less Than Truckload (LTL) freight using FedEx's pricing model.
Purpose: Helps businesses and individuals estimate shipping costs based on freight class, weight, and distance.
The calculator uses the formula:
Where:
Explanation: Higher freight classes and longer distances increase shipping costs proportionally.
Details: Proper cost estimation helps with budgeting, pricing decisions, and choosing the most economical shipping method.
Tips: Enter the freight class (default 100), weight in pounds, and distance rate (default $0.015/lb/mile). All values must be valid.
Q1: What is freight class?
A: A standardized classification (50-500) based on density, value, and handling requirements. Lower numbers mean lower rates.
Q2: How do I determine my freight class?
A: Use FedEx's classification tool or consult the NMFC classification system.
Q3: What's a typical distance rate?
A: Rates vary but often range from $0.01 to $0.03 per pound per mile depending on market conditions.
Q4: Does this include additional fees?
A: No, this is a base estimate. Fuel surcharges, accessorials, and other fees may apply.
Q5: How accurate is this estimate?
A: This provides a general estimate. For exact quotes, contact FedEx Freight directly.