Freight Cost Formula:
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Definition: This calculator estimates the cost of Full Truckload (FTL) freight shipments based on the distance between zip codes and a rate per mile.
Purpose: It helps shippers, carriers, and logistics professionals estimate transportation costs for FTL shipments.
The calculator uses the formula:
Where:
Explanation: The distance between zip codes is multiplied by the rate per mile to calculate the estimated freight cost.
Details: Accurate freight cost estimation helps with budgeting, rate negotiation, and determining shipment profitability.
Tips: Enter the origin and destination 5-digit zip codes and the rate per mile (default $2.50). All values must be valid.
Q1: What is FTL shipping?
A: Full Truckload (FTL) shipping means dedicating an entire trailer to one shipment, typically for larger loads.
Q2: What's a typical FTL rate per mile?
A: Rates vary but typically range from $2.00-$3.50 per mile depending on market conditions, equipment type, and lane.
Q3: How accurate is the distance calculation?
A: In a production environment, this would use actual road distance APIs. This demo uses a simplified calculation.
Q4: Does this include additional fees?
A: No, this calculates linehaul only. Fuel surcharges, accessorials, and other fees would be additional.
Q5: How do I get more accurate rates?
A: Contact freight brokers or use rate calculators from load boards for current market rates.