What is a Freight Quote, and how to calculate it?
Many people often wonder about a freight quote and how to calculate it. If you are one of those people, you are in the right place. In this article, we will discuss what a freight quote is and how you can calculate the quote.
What is a Freight Quote?
What does a freight quote mean? The freight quote is what initiates the shipping procedure. A freight quote gives an estimate of the total shipping cost based on the customer’s information, such as the dimensions, weight, type of product, and other factors.
If the information given by the customer is accurate, the final price will match the initial freight quote offered by the logistics or carrier provider. However, if a customer has offered invalid information, the final price may be higher than the initial freight quote because of costs or reweighing fees.
How to calculate a Freight Quote?
Here is how you can calculate a freight quote:
Step # 1
First, determine the cubic feet of the item you wish to ship. Then, measure the width, length, and height of the item. Multiply all three values, and you will get the cubic feet of the item.
Step # 2
Then, find out the item’s weight in pounds. You can use a forklift scale or a large scale to do this. You can also include the crating or packing in the weight.
Step # 3
Calculate the density of the item; density is the relationship between the weight of an item and the amount of space it will take. For instance, a square inch of lead is heavier and denser than a square inch of cork. To find the density of the item, you will need to divide the weight by the item’s cubic feet.
Step # 4
The next step you will need to take is to determine the freight class of the item. To find the class, you will need to use an online calculator. Input all the measurements in the calculator to determine your item’s freight class.
Step # 5
Next, you will have to determine the handling format for the item. The item can be on a pallet, crated, or packaged.
Step # 6
Select the shipping requirements for the item, such as special packaging requirements, delivery confirmation, temperature control, insurance, etc.
Buyers need to understand a freight quote and how they can calculate it. In this article, we have briefly discussed what a freight quote is and have given a short step-by-step guide on how to calculate the quote.