Freight Quote Formula:
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Definition: This calculator estimates the cost to ship less-than-truckload (LTL) freight based on weight, freight class, and distance rate.
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 multiplied by weight and adjusted for freight class which reflects density, stowability, handling and liability.
Details: Accurate quotes help with budgeting, comparing carriers, and determining the most cost-effective shipping methods.
Tips: Enter the weight in pounds, freight class (50-500, default 100), and distance rate (default $0.05/lb/mile). All values must be > 0.
Q1: What is freight class?
A: A standardized classification (50-500) based on commodity type, density, value, and handling requirements. Lower numbers mean lower rates.
Q2: How do I determine the distance rate?
A: Carriers provide rate tables based on distance zones. Average is $0.03-$0.08 per lb/mile.
Q3: What's a typical freight class?
A: Class 100 is common for general freight. Dense items may qualify for lower classes (e.g., Class 50 for bricks).
Q4: Does this include accessorial charges?
A: No, this calculates linehaul only. Additional fees (liftgate, residential, etc.) would be extra.
Q5: How accurate is this estimate?
A: This provides a baseline estimate. Actual quotes may vary based on carrier, market conditions, and specific shipment details.