Shipping Cost Formula:
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Definition: Less Than Truckload (LTL) shipping is used when you need to transport relatively small freight that doesn't require a full truckload.
Purpose: This calculator helps estimate the total shipping cost by summing the base rate, fuel surcharge, and any accessorial charges.
The calculator uses the formula:
Where:
Details: Accurate cost estimation helps businesses budget for shipping expenses and compare carrier rates effectively.
Tips: Enter the base rate from your carrier quote, current fuel surcharge (typically 10-30% of base rate), and any additional accessorial fees.
Q1: What's typically included in the base rate?
A: The base rate covers standard pickup, linehaul transportation, and delivery services.
Q2: How is fuel surcharge calculated?
A: Carriers typically calculate it as a percentage of the base rate, adjusted weekly based on national diesel prices.
Q3: What are common accessorial charges?
A: These may include liftgate service, residential delivery, inside delivery, or storage fees.
Q4: How accurate is this calculator?
A: It provides a basic estimate. Actual rates may vary based on carrier-specific pricing models.
Q5: Can I negotiate LTL rates?
A: Yes, businesses with regular shipping volume can often negotiate better rates with carriers.