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Truckload shipping is a common method of transporting large shipments of goods. In this method, a truck is filled with goods from one shipper and is delivered to one consignee. The price of a truckload shipment, or the rate, is determined by several factors. In this article, we will discuss what you need to know about rates for truck loads.
Factors That Affect Rates for Truck Loads
The following are some of the factors that affect rates for truck loads:
Distance
The distance between the shipper and the consignee is one of the most significant factors that affect rates for truck loads. Generally, the longer the distance, the higher the rate.
Freight Class
The freight class of the goods being shipped is another factor that affects rates for truck loads. The freight class is determined by the National Motor Freight Traffic Association (NMFTA) and is based on the density, stowability, handling, and liability of the goods. The higher the freight class, the higher the rate.
Weight
The weight of the goods being shipped is also a factor that affects rates for truck loads. Generally, the heavier the goods, the higher the rate.
Truck Type
The type of truck being used for the shipment is another factor that affects rates for truck loads. Different types of trucks have different rates. For example, a refrigerated truck will have a higher rate than a dry van truck.
Time of Year
The time of year can also affect rates for truck loads. During peak shipping seasons, such as the holiday season, rates may be higher due to increased demand.
Types of Rates for Truck Loads
There are different types of rates for truck loads. The following are some of the most common:
Flat Rate
A flat rate is a fixed rate that is charged for the entire shipment. This rate is determined before the shipment is picked up and is not based on the actual weight or distance of the shipment.
Mileage Rate
A mileage rate is based on the distance between the shipper and the consignee. This rate is determined by multiplying the distance by a predetermined rate per mile.
Weight Rate
A weight rate is based on the weight of the goods being shipped. This rate is determined by multiplying the weight by a predetermined rate per pound.
Combination Rate
A combination rate is a combination of the mileage rate and the weight rate. This rate is determined by multiplying the distance by the rate per mile and then adding the weight multiplied by the rate per pound.
How to Get the Best Rate for Your Truck Load
The following are some tips on how to get the best rate for your truck load:
Plan Ahead
Planning ahead can help you get a better rate for your truck load. If you can provide the carrier with enough time to plan the shipment, they may be able to offer a better rate.
Negotiate
Don’t be afraid to negotiate with the carrier. If you have a large shipment or are a frequent shipper, you may be able to negotiate a better rate.
Compare Rates
Compare rates from different carriers to find the best rate for your truck load. Keep in mind that the lowest rate may not always be the best option.
Consider Intermodal Transportation
Consider using intermodal transportation, which involves using multiple modes of transportation, such as rail and truck, to transport your goods. This can sometimes result in a lower rate.
Conclusion
Rates for truck loads are determined by several factors, including distance, freight class, weight, truck type, and time of year. There are different types of rates for truck loads, including flat rate, mileage rate, weight rate, and combination rate. To get the best rate for your truck load, plan ahead, negotiate, compare rates, and consider intermodal transportation.