Calculating heavy haul freight rates can be a time-consuming task as there are many factors involved and it varies from case to case. Most customers end up calling freight brokers who then get in touch with transport companies to determine the shipping rates and quote an accurate freight rate for their customers.
Needless to say, this entire process is incredibly inefficient and stressful. It’s important to note that sometimes with ‘spot quoting’ shipments, you won’t necessarily be provided with all the factors and by the time you’ve scheduled the shipment, the freight rate may no longer be accurate.
In this blog post, we’ll discuss some of the factors that are involved in quoting heavy haul freight rates. Please note that we won’t be covering actual rates and will only be focusing on the determining factors.
1. Time of Year
The time of year you’ve scheduled your shipment will contribute to the total cost. Freight rates can change on a monthly, weekly, and even daily basis. Manufacturers often try to schedule shipments at the end of the month to acquire accounting benefits which is why demands for trucks increase around that time and consequently the rates increase as well.