Use the LTL Class Calculator to estimate your shipping costs based on weight, distance, and freight class. This tool is essential for businesses looking to manage their logistics efficiently.
LTL Shipping Cost Calculation Formula
The following formula is used to calculate the estimated LTL shipping cost:
Estimated Cost = ( Weight * Distance * Freight Class) / 100
Variables:
- Weight: The total weight of the shipment in pounds (lbs).
- Distance: The distance the shipment will travel in miles.
- Freight Class: A classification that determines the shipping cost based on the nature of the cargo.
To calculate the estimated LTL cost, multiply the weight by the distance and the freight class, then divide by 100. This formula provides a simplified estimate of shipping costs.
What is LTL Shipping?
LTL (Less Than Truckload) shipping is a freight transportation method used for shipments that do not require a full truckload. It allows multiple shippers to share space on a single truck, making it a cost-effective solution for smaller shipments. LTL shipping is ideal for businesses that need to transport goods that are too large for parcel carriers but do not fill an entire truck.
How to Use the LTL Class Calculator?
Follow these steps to effectively use the LTL Class Calculator:
- Input the weight of your shipment in pounds.
- Enter the distance your shipment will travel in miles.
- Select the appropriate freight class from the dropdown menu.
- Click the “Calculate” button to get an estimated shipping cost.
- For advanced calculations, input the dimensional weight and any accessorial charges.
- Review the total estimated cost displayed in the calculator.
Example Problem:
Consider the following example to understand how to use the LTL Class Calculator:
Weight = 1,200 lbs
Distance = 500 miles
Freight Class = 70
Using the formula, the estimated cost would be:
Estimated Cost = (1200 * 500 * 70) / 100 = $420,000 / 100 = $4,200
This means the estimated shipping cost for this particular shipment would be $4,200.
FAQ
1. What is freight class?
Freight class is a classification system used to determine shipping costs based on the density, stowability, handling, and liability of the cargo. It helps carriers assess the cost of transporting goods.
2. How do I determine my freight class?
Freight class can be determined by consulting the National Motor Freight Classification (NMFC) guidelines, which provide detailed descriptions of various classes based on the characteristics of the shipment.
3. What are accessorial charges?
Accessorial charges are additional fees that may apply to a shipment based on specific services required, such as liftgate service, residential delivery, or inside delivery.
4. Can I use the LTL Class Calculator for international shipping?
This calculator is primarily designed for domestic LTL shipping within the United States. For international shipments, different regulations and pricing structures may apply.
5. Is the estimated cost provided by the calculator final?
The estimated cost is a preliminary figure based on the inputs provided. For an accurate quote, it is recommended to contact a freight carrier or logistics provider.