LTL Freight Estimate Formula:
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Definition: This calculator estimates the cost of Less Than Truckload (LTL) freight shipments based on weight, freight class, and distance.
Purpose: It helps shippers and logistics professionals estimate transportation costs for partial truckload shipments.
The calculator uses the formula:
Where:
Explanation: The formula approximates LTL rates which are typically based on these three key factors.
Details: Accurate estimates help with budgeting, comparing carriers, and determining optimal shipping methods.
Tips: Enter the shipment weight in pounds, freight class (default 70), and distance in miles. All values must be > 0.
Q1: What is freight class?
A: Freight class (50-500) represents commodity type, density, and handling characteristics. Lower classes cost less.
Q2: What's a typical freight class?
A: Class 70 is common for many general commodities, but check NMFC classifications for your specific items.
Q3: Does this include accessorial charges?
A: No, this is a base estimate. Additional fees (liftgate, residential, etc.) would increase the actual cost.
Q4: How accurate is this estimate?
A: It provides a rough estimate. Actual rates vary by carrier, market conditions, and specific shipment details.
Q5: What's the weight range for LTL shipments?
A: Typically 150-15,000 lbs. Below 150 lbs may be parcel, above may require full truckload.