LTL Freight Cost Formula:
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Definition: This calculator estimates the cost of Less Than Truckload (LTL) shipments based on weight, freight class, and distance rate.
Purpose: It helps shippers and logistics professionals estimate transportation costs for partial truckload shipments.
The calculator uses the formula:
Where:
Explanation: The weight is multiplied by the freight class (divided by 100) and the distance rate to calculate the total cost.
Details: Accurate cost estimation helps with budgeting, pricing decisions, and comparing carrier rates for partial shipments.
Tips: Enter the shipment weight in pounds, freight class (default 70), and distance rate (default $0.0025). Weight and rate must be > 0, class between 50-500.
Q1: What is freight class?
A: Freight class (50-500) represents shipment density, handling, and liability - lower numbers mean lower rates.
Q2: How do I find the distance rate?
A: Check with your carrier or use standard rate tables based on distance zones.
Q3: What's a typical freight class?
A: Class 70 is common for many commodities, but varies by product type and packaging.
Q4: Does this include accessorial charges?
A: No, this calculates base freight only - additional fees may apply for special services.
Q5: How accurate is this estimate?
A: It provides a baseline estimate - actual quotes may vary based on market conditions and carrier specifics.