LTL freight cost exercise I ? A LTL freight from Toronto to Welland ON has 7 stackable
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LTL freight cost exercise I ? A LTL freight from Toronto to Welland ON has 7 stackable skids, measured 48x40x60" and 600lbs each skid. ? Referring to the sample truck tariff, what is the LTL freight cost for this shipment?
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Truck Freight calculation I FTL: Full Truck Load Normally 10 skids or more or 10,000 lbs per waybill $$ per linear footage: $115 per foot-truck + FSC (Fuel Surcharge) $$ per truck per trip: $5000 from Vancouver to Toronto Normally Pickup and deliver by the same truck Be Caution: FTL rate may not be cheaper than LTL rate. Truck Freight calculation II LTL: Less Than truck Load $$ per CWT (Hundred pound weight) per lane. Calculate the Chargeable Weight: The greater of the actual weight and the volume weight. Actual weight: freight + skid weight Volume weight per skid: Density ratio: 10lbs / Cubic foot L x W x H (inches)/1728 X 10 = ## lbs LTL freight cost = Chargeable weight / 100 X the LTL lane tariff Example: Chargeable = 10,000lbs, LTL rate = $3.20/ CWT LTL freight cost = 10,000/ 100 X $3.20 = $320+ FSC LTL Tariff example: From/to: Terminal Toronto Location Oakville Burlington Hamilton Guelph Cambridge Kitchener St. Catherines Welland Brantford Woodstock NOTES: Rates shown are Canadian Dollars/100 lb Freight density is based on 10 lb/ft Truckload and half truck load rates available upon request Truck Freight calculation III* 4700/100x12.60-$592.20=act chargeable wt. 5000/100x11.09=$554.50=weight break 6.99 Min LTL +500 +1000 +2000 +5000 +10000 40.00 16.00 12.80 11.20 10.08 8.87 6.21 45.00 18.00 14.00 12.60 11.34 9.98 50.00 20.00 16.00 14.00 12.60 11.09 50.00 20.00 16.00 14.00 12.60 11.09 50.00 20.00 16.00 14.00 12.60 11.09 55.00 22.00 17.60 15.40 13.86 12.20 65.00 26.00 20.80 18.20 16.38 14.41 70.00 28.00 22.40 19.60 17.64 15.51 55.00 22.00 17.60 15.40 13.86 12.20 60.00 24.00 19.20 16.80 15.12 13.31 LTL Weight break Truck Freight calculation IV* Example: A Toronto-Hamilton LTL freight's chargeable weight is 4750lbs +2000 LTL: $12.60 / CWT; +5000 LTL: $11.09 / CWT Using actual Chargeable wt: 4750/100 X $12.6 = $598.50 It is OK to declare a higher weight on a truck waybill than the chargeable weight. Using weight break: Why? So that the shipper can enjoy a lower LTL rate on a "heavier" shpt. 7.76 7.76 7.76 8.54 10.09 10.87 8.54 9.31 5000 / 100 X $11.09 = $554.50 Cost saving: $598.50 - $554.50 = $44 or 8% saving! Truck Freight calculation I FTL: Full Truck Load Normally 10 skids or more or 10,000 lbs per waybill $$ per linear footage: $115 per foot-truck + FSC (Fuel Surcharge) $$ per truck per trip: $5000 from Vancouver to Toronto Normally Pickup and deliver by the same truck Be Caution: FTL rate may not be cheaper than LTL rate. Truck Freight calculation II LTL: Less Than truck Load $$ per CWT (Hundred pound weight) per lane. Calculate the Chargeable Weight: The greater of the actual weight and the volume weight. Actual weight: freight + skid weight Volume weight per skid: Density ratio: 10lbs / Cubic foot L x W x H (inches)/1728 X 10 = ## lbs LTL freight cost = Chargeable weight / 100 X the LTL lane tariff Example: Chargeable = 10,000lbs, LTL rate = $3.20/ CWT LTL freight cost = 10,000/ 100 X $3.20 = $320+ FSC LTL Tariff example: From/to: Terminal Toronto Location Oakville Burlington Hamilton Guelph Cambridge Kitchener St. Catherines Welland Brantford Woodstock NOTES: Rates shown are Canadian Dollars/100 lb Freight density is based on 10 lb/ft Truckload and half truck load rates available upon request Truck Freight calculation III* 4700/100x12.60-$592.20=act chargeable wt. 5000/100x11.09=$554.50=weight break 6.99 Min LTL +500 +1000 +2000 +5000 +10000 40.00 16.00 12.80 11.20 10.08 8.87 6.21 45.00 18.00 14.00 12.60 11.34 9.98 50.00 20.00 16.00 14.00 12.60 11.09 50.00 20.00 16.00 14.00 12.60 11.09 50.00 20.00 16.00 14.00 12.60 11.09 55.00 22.00 17.60 15.40 13.86 12.20 65.00 26.00 20.80 18.20 16.38 14.41 70.00 28.00 22.40 19.60 17.64 15.51 55.00 22.00 17.60 15.40 13.86 12.20 60.00 24.00 19.20 16.80 15.12 13.31 LTL Weight break Truck Freight calculation IV* Example: A Toronto-Hamilton LTL freight's chargeable weight is 4750lbs +2000 LTL: $12.60 / CWT; +5000 LTL: $11.09 / CWT Using actual Chargeable wt: 4750/100 X $12.6 = $598.50 It is OK to declare a higher weight on a truck waybill than the chargeable weight. Using weight break: Why? So that the shipper can enjoy a lower LTL rate on a "heavier" shpt. 7.76 7.76 7.76 8.54 10.09 10.87 8.54 9.31 5000 / 100 X $11.09 = $554.50 Cost saving: $598.50 - $554.50 = $44 or 8% saving!
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Related Book For
Operations Management
ISBN: 9781259270154
6th Canadian Edition
Authors: William J Stevenson, Mehran Hojati, James Cao
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