FTL Freight Cost Formula:
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Definition: This calculator estimates the total cost for Full Truckload (FTL) freight shipments based on distance traveled, rate per mile, and additional fees.
Purpose: It helps shippers, carriers, and logistics professionals estimate transportation costs for FTL shipments.
The calculator uses the formula:
Where:
Explanation: The base cost is calculated by multiplying distance by rate, then any additional fees are added to get the total cost.
Details: Accurate freight cost estimation helps with budgeting, pricing decisions, and logistics planning for full truckload shipments.
Tips: Enter the distance in miles, rate per mile (default $2.50), and any additional fees (default $0). Distance must be > 0.
Q1: 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.
Q2: What fees should I include?
A: Include accessorials like fuel surcharges, tolls, detention, or lumper fees that aren't included in the base rate.
Q3: Does this calculator work for LTL shipments?
A: No, LTL shipments are priced differently (usually by weight and class). Use an LTL calculator for those shipments.
Q4: How accurate is this estimate?
A: It provides a baseline estimate. Actual quotes may vary based on market conditions and specific requirements.
Q5: Should I include empty miles in the distance?
A: Only include loaded miles unless your rate structure accounts for empty repositioning.