FTL Freight Price Formula:
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Definition: This calculator estimates the total price for Full Truckload (FTL) freight shipments based on distance and rate per mile.
Purpose: It helps shippers, carriers, and logistics professionals quickly estimate transportation costs for FTL shipments.
The calculator uses the formula:
Where:
Explanation: The distance is multiplied by the rate per mile to calculate the total freight cost.
Details: Accurate freight pricing ensures proper budgeting, competitive rates, and fair compensation for carriers.
Tips: Enter the distance in miles and rate per mile (default $2.50/mile). All values must be > 0.
Q1: What is FTL shipping?
A: Full Truckload (FTL) shipping means dedicating an entire trailer to one shipment, typically used for larger loads.
Q2: What's a typical rate per mile?
A: Rates vary but average $2.00-$3.50 per mile depending on market conditions, equipment type, and lane.
Q3: Does this include additional fees?
A: No, this calculates base linehaul only. Fuel surcharges, accessorials, and other fees would be additional.
Q4: How accurate is this calculator?
A: It provides a basic estimate. Actual quotes may vary based on market conditions and specific requirements.
Q5: Can I use this for LTL shipments?
A: No, Less-Than-Truckload (LTL) pricing uses different methods based on weight and class.