FTL Cost Formula:
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Definition: This calculator estimates the total cost for Full Truckload (FTL) shipments based on distance, rate per mile, and additional fees.
Purpose: It helps shippers, logistics professionals, and business owners estimate transportation costs for full truckload 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 cost estimation helps with budgeting, pricing decisions, and comparing carrier rates for full truckload shipments.
Tips: Enter the distance in miles, rate per mile (default $2.50), and any additional fees. Distance must be > 0 while rates and fees can 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 additional fees should I consider?
A: Common fees include fuel surcharges, tolls, detention, lumper fees, or special equipment charges.
Q3: How accurate is this calculator?
A: It provides a basic estimate. Actual quotes may vary based on market conditions, load specifics, and carrier pricing.
Q4: Does this include loading/unloading time?
A: No, detention charges for excessive loading/unloading time would be an additional fee.
Q5: How does FTL differ from LTL pricing?
A: FTL is priced per truck (distance-based) while LTL is priced per hundredweight with complex class-based pricing.