Freight Cost Formula:
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Definition: This calculator estimates the transportation cost for Less Than Truckload (LTL) shipments based on premium rates and weight.
Purpose: It helps shippers and logistics professionals quickly determine freight costs for partial shipments.
The calculator uses the formula:
Where:
Explanation: The premium rate (which includes fuel surcharges and accessorials) is multiplied by the shipment weight to determine total cost.
Details: Accurate cost estimation helps with budgeting, rate negotiation, and determining the most economical shipping method.
Tips: Enter the current premium rate in USD/lb and shipment weight in pounds. All values must be > 0.
Q1: What's included in the premium rate?
A: The premium rate typically includes base rate, fuel surcharge, and standard accessorial charges.
Q2: How do I find my premium rate?
A: Check with your carrier or freight broker for current LTL rates based on your shipping lanes.
Q3: Does this include additional fees?
A: No, special accessorials (like liftgate or inside delivery) may incur additional charges.
Q4: What's a typical weight range for LTL?
A: LTL shipments typically range from 150 to 10,000 pounds.
Q5: How accurate is this calculation?
A: This provides a good estimate, but actual quotes may vary based on exact classification and services needed.