Freight Cost Formula:
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Definition: This calculator estimates the cost of Full Truckload (FTL) freight shipments based on distance traveled and a fixed rate per mile.
Purpose: It helps shippers, carriers, and logistics professionals quickly estimate transportation costs for planning and budgeting.
The calculator uses the formula:
Where:
Explanation: The distance is multiplied by the fixed rate to calculate the total transportation cost.
Details: Accurate cost estimation helps in budgeting, pricing decisions, and comparing transportation options.
Tips: Enter the distance in miles and fixed rate (default $2.50/mile). All values must be > 0.
Q1: What is FTL shipping?
A: Full Truckload (FTL) means shipping enough goods to fill an entire trailer, typically used for large shipments.
Q2: What's a typical FTL rate per mile?
A: Rates vary but average $2.00-$3.50/mile depending on fuel costs, demand, and route.
Q3: Does this include additional fees?
A: No, this calculates linehaul only. Additional fees (fuel surcharge, tolls, etc.) should be added separately.
Q4: How accurate is this estimate?
A: It provides a baseline estimate. Actual rates may vary based on market conditions and carrier-specific factors.
Q5: Can I use this for LTL shipments?
A: No, Less-Than-Truckload (LTL) uses different pricing models based on weight and class.