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Define truckload and ltl carrier rates and how they are calculated?
Wiki User
∙ 12y ago
Truckload rates are very simple and LTL rates are quite complicated.
Truckload rates are based on a per mile rate plus a fuel surcharge. The fuel surcharge is either a cents per mile rate or a percentage of the freight bill.
LTL rates are very complicated and cannot be completely explained in a few paragraphs. I will give a quick synopsis:
· Rates are based on CWT (hundred weight) charges
· CWT charges are based on rate bases used by the carriers and providers and they follow a declining scale as the weight increases
· Rate bases are based on zip to zip rates and the class of the freight
· Classes are from 50 to 500 with 50 being the least expensive
· Classes are based on an NMFC #'s that refer to the properties of the commodity
· Classes are based on density, value of freight, packaging and damage susceptibility
· Charges are also contingent on lane minimums and AMC's (absolute minimum charges)
· Discounts are applied to the CWT charges and the lane minimums but not to the AMC's
· A fuel surcharge and charges for special services are added to the bill
· Examples of special services are residential delivery or pickup, inside delivery or pickup, lift gate delivery or pickup, construction site delivery or pickup, sort and segregate etc…
A more detailed description on how rates are calculated and to get the national averages for free, go to www.fairtran.com
If you have any more questions or are looking for LTL or TL solutions contact 1st Priority Services at 608-310-3110. Ask for Steve.
Wiki User
∙ 12y ago
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