LTL Shipping Cost Formula:
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Definition: This calculator estimates the cost of Less Than Truckload (LTL) shipping through FedEx based on weight, distance, rate, and service factors.
Purpose: It helps businesses and individuals estimate shipping costs for partial truckload shipments.
The calculator uses the formula:
Where:
Explanation: The base cost is calculated by weight × rate × distance, then adjusted for service level requirements.
Details: Accurate LTL cost estimation helps with budgeting, pricing decisions, and comparing shipping options.
Tips: Enter the shipment weight in pounds, LTL rate (default $0.15/lb/mile), distance in miles, and service factor (default 1.2 for standard). All values must be > 0.
Q1: What is LTL shipping?
A: Less Than Truckload shipping is for shipments that don't require a full truck, sharing space with other shipments.
Q2: What's a typical LTL rate?
A: Rates vary but often range from $0.10 to $0.30 per pound per mile depending on freight class and market conditions.
Q3: When would I change the service factor?
A: Increase for expedited (1.5), hazardous (1.3-1.8), or guaranteed delivery (1.4). Decrease for economy (1.0).
Q4: How do I find the exact FedEx LTL rate?
A: Contact FedEx Freight or use their online quoting tool for precise rates based on freight class.
Q5: Does this include accessorial charges?
A: No, consider adding 10-20% for liftgate, residential, or other special services if needed.