How to Calculate Heavy Haul Freight Rates

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.

Wondering how to calculate heavy haul freight rates accurately? Click here to learn about all the factors that are involved.

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.

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You should know what’s involved in a quote for a flatbed shipment. 

Let me go through the different types of flatbeds and how we can determine what an overall rate for a shipment should cost.  This information should be used as a base line and not an actual rate.

Mileage is the factor in your total cost, however not all freight lanes cost the same. Cost also depends on freight volumes in and out of the area you choose.  Texas and Florida for example consumes more than it produces so there is more freight going into Florida and Texas then are coming out of Florida and Texas.  So, it costs more to ship a truck into Florida or Texas then out.  Most Brokers and Truckers use and online program like Power DAT as guide to assist with state to state rate costs that include fuel and tolls. 

 

You should know what's involved in a quote for a flatbed shipment. 
You should know what’s involved in a quote for a flatbed shipment.

 

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