Freight Cost Formula:
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Definition: This calculator estimates the cost of Full Truckload (FTL) freight shipments based on weight, rate per pound, and distance.
Purpose: It helps shippers, logistics professionals, and business owners estimate transportation costs for FTL shipments.
The calculator uses the formula:
Where:
Explanation: The formula calculates the linear cost based on weight and distance, which is typical for FTL pricing models.
Details: Accurate freight cost estimation helps in budgeting, pricing decisions, and logistics planning for businesses.
Tips: Enter the shipment weight in pounds, rate per pound (default $0.02/lb), and distance in miles. All values must be > 0.
Q1: What's a typical FTL rate per pound?
A: Rates vary but often range from $0.015 to $0.03 per pound per mile depending on market conditions and lane.
Q2: Does this include fuel surcharges?
A: No, fuel surcharges are typically added separately (10-30% of base rate).
Q3: When would I use this calculator?
A: For estimating costs when shipping full truckloads where pricing is weight-based.
Q4: How does FTL differ from LTL pricing?
A: FTL pricing is typically simpler (weight × distance) while LTL uses complex class-based pricing.
Q5: What's not included in this calculation?
A: Accessorial charges (loading/unloading, detention), tolls, or special handling fees.