Shipping Cost Formula:
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Definition: This calculator estimates the shipping cost for Less Than Truckload (LTL) freight shipments via FedEx based on weight, distance, and freight class.
Purpose: It helps businesses and individuals estimate shipping costs for partial truckload shipments.
The calculator uses the formula:
Where:
Explanation: The base rate is multiplied by weight and distance to calculate the total shipping cost.
Details: Accurate cost estimation helps with budgeting, comparing carriers, and determining pricing for customers.
Tips: Enter the shipment weight in pounds, distance in miles, and class rate (default $0.015/lb/mile). All values must be > 0.
Q1: What is LTL shipping?
A: Less Than Truckload shipping is for shipments that don't require a full truckload, typically between 150-15,000 lbs.
Q2: How do I determine the class rate?
A: Freight class (50-500) is based on density, value, and handling. Class 100 typically has a rate around $0.015/lb/mile.
Q3: Does this include additional fees?
A: No, this calculates base rate only. Fuel surcharges, accessorial fees, and minimum charges may apply.
Q4: How accurate is this estimate?
A: Actual quotes may vary based on exact freight class, discounts, and current fuel surcharges.
Q5: Can I use this for other LTL carriers?
A: The formula works similarly for other carriers, but rates may differ.