A specialist in less-than-truckload (LTL) shipping, among other freight and logistics services, Arizona-based GlobalTranz knows that understanding how LTL freight rates are calculated is a top priority for shippers. GlobalTranz clients can take advantage of the company’s unique CarrierRate solution system to obtain LTL shipping quotes.
Shippers all over the country can use the following handy list of factors impacting LTL freight rates to better anticipate and project upcoming shipping costs:
Weight: This is the main factor on which a freight quote is based. LTL shipments typically weigh anywhere from 151 to 20,000 pounds, and the price per pound will depend on where the price breaks fall.
Density: The density of a shipment is calculated based on its dimensions as well as its weight.
Freight classification: Freight classifications are assigned to a shipment based on a number of factors, including its density, total value, handling, and liability.
Distance: In general, the farther a shipment goes, the higher the cost will be.
CWT rates: Calculated per hundredweight, these pre-established base rates are derived from freight classifications. They fluctuate based on demand.
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