In the United States, full truckload (FTL) freight shipping is the most used method for shipping goods. FTL freight shipping is used when a business has enough cargo to fill an entire truck, as compared to less-than-truckload (LTL) freight shipping. The form and volume of product being delivered, for the most part, has no bearing on the truckload rate as long as the standard freight insurance is in place and the total weight is less than 45,000 pounds.
Full truckload quote, which is calculated using a cost per mile travelled or a flat door-to-door rate, is arguably the most straightforward mode of measurement. The flat rate, on the other hand, is determined using a number of factors and variables. To get a good freight shipping quote for your cargo, you must understand the factors that go into pricing these rates.
We’ve broken them down below so you can get a reasonable full truckload quote for your next shipment.
Total Mileage and Trucking Lanes
The distance that shipments cover certainly affects truckload quotes. However, math isn’t always as simple as it seems. Longer distances normally charge more due to increased fuel usage and travel time, but trucking lanes have an effect on this metric as well.
Simply put, trucking lanes are the origin-to-destination routes that a truckload carrier often travels. The cost of these lanes will change depending on the amount of freight moving in and out of those areas. Large cities and metropolitan areas, in general, would have a higher ratio of available trucks. This means that shipping from these areas is normally less expensive than shipping from places with fewer available vehicles.
Market Capacity and Seasonal Pricing
The availability of trucks in a given region, as well as the demand for truckload shipping over a given period of time, influence FTL freight shipping quotes. Seasonal demand, as well as other external factors such as job rates, equipment sales, natural disasters, cost of living, and so on, will appear to adjust overall capability. Shipping companies often adjust their prices based on supply and demand.
Freight carriers will have to contend with higher amounts of inventory at certain periods of the year, such as the holiday season and back-to-school rushes. As a result, there is less total capacity and higher prices. During peak seasons, many freight carriers would levy surcharges to compensate for the increased demand.
Order attractiveness and a Full Truckload (FTL) Freight Quote
Some shipping companies may charge a higher rate for orders that come from unfavourable locations. There are a number of variables that can affect an order’s overall attractiveness. This decision could be influenced by some areas. Truck-to-load ratios in smaller cities, for example, are often unfavourable. If a driver is dropping off in an area with little distribution or production facilities, he or she may have trouble locating freight to return with. As a result, they’ll have to return to “empty miles.” In these cases, they can levy a surcharge or even refuse the load entirely.
Timing and Flexibility
Pickup and delivery days and time windows are another aspect that affects freight shipping quotes. Many carriers do not favour the odd hours or weekend shipments, so they may charge a premium. The flexibility of the delivery time window is the same. For example, having a two-day window allows shipping companies to better route your order with those that they have. In a similar way, lead time is essential.
In other words, the more time you give your logistics partner to prepare for your order, the lower your potential cost. Additional benefits of lead time include increased capacity, fewer unforeseen surprises, increased control over expenses, higher service levels, and so on.
Fuel Surcharges and Accessorials
Another major cost factor that may affect the bottom line is potential fuel surcharges. Since the market price of diesel influences this variable, it’s not unusual for logistics carriers to increase or lower their prices on a regular basis depending on the average fuel price.
Additional work, such as detention or special handling in the form of driver unloads, lift gates, and other special specifications is referred to as accessorials. These additional programmes are normally paid separately and are not included in the base full truckload quote. They can, however, be prepared for or even prevented if they are communicated in advance.
Getting the Best Full Truckload Freight Quote
As you can see, estimating a freight rate involves quite a few variables. Understanding these considerations and having a reliable logistics partner are the best ways to get a favourable truckload freight quote.
Collaborate with National Freight Logistics Inc, the strongest logistics supplier and one of the largest freight brokers in the state. We’re here to help you boost your supply chain management performance and find the right end-to-end transportation solutions for your company. National Freight Logistics Inc will provide you with the best full truckload quote, regardless of your requirements. We’re here to ensure that you never have to worry about your shipments again. Request a quote today or contact us directly if you need any additional information.