LTL Freight Cost Formula:
From: | To: |
Definition: This calculator estimates the cost of Less Than Truckload (LTL) freight shipments based on weight, freight class, distance, and additional fees.
Purpose: It helps shippers and logistics professionals estimate transportation costs for partial truckload shipments.
The calculator uses the formula:
Where:
Explanation: The base rate is calculated by multiplying weight, class, and distance, then dividing by 100 (standard LTL rate calculation). Fees are added to this base rate.
Details: Accurate LTL cost estimation helps with budgeting, rate negotiation, and comparing carrier options.
Tips: Enter the shipment weight in pounds, freight class (default 70), distance in miles, and any additional fees. All values except fees must be > 0.
Q1: What is freight class?
A: Freight class (50-500) is determined by density, stowability, handling and liability. Common classes are 50 (dense), 70 (machinery), 125 (auto parts).
Q2: How is distance calculated?
A: Carriers use zip code-based distance tables. For estimation, use actual miles or online distance calculators.
Q3: What fees might apply?
A: Common fees include fuel surcharge, liftgate, residential, inside delivery, or storage fees.
Q4: Why divide by 100 in the formula?
A: This converts the rate to dollars per hundredweight (CWT), the standard LTL pricing unit.
Q5: How accurate is this estimate?
A: This provides a baseline estimate. Actual quotes may vary based on carrier, discounts, and exact shipment details.