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  1. #1
    Junior Member
    Join Date
    Sep 2009
    Posts
    4

    Expedited freight quote formula HELP!!!!

    Help could someone please help me figure out the formula for quoting expedited freight. I have been put in charge of this and up till now I have been only seeking CLASS A full truckload freight. I feel that I am in foreign territory here....HELP!!!!!

  2. Tractor Lease Purchase
    Nations Express
    We are offering 2015 Freightliner Cascadia Tractors. These trucks are brand new and you will be able to work with Cure Leasing and pick out your own truck. Nations Express is able to offer these trucks with NO CREDIT CHECK and as little as $1500 down. Truck Specifications Include: 2015 Freightliner CA125SLP DETROIT DD15 455HP EATON 10 Speed Transmission 238 Wheel Base 3.42 Rear Axle Ratio Aluminum Front and Rear Wheels Dual 140 Gallon Fuel Tanks Full Aero Package Lease Package includes Truck Maintenance/Tires As for the Nations Express Truckload division, we pay a minimum of $1.10 per loaded mile plus the Fuel Surcharge. We also pay deadhead as follows. $0.75 per mile plus the Fuel Surcharge for miles 1 to 100 and then miles 101 and more are paid at $0.85 per mile plus Fuel Surcharge. Some of the benefits include: Company Paid Fuel Taxes No Forced Dispatch Home Weekends if you would like 24 Dispatch Assistance Weekly Pay Direct Deposit Com Data Fuel Card Freight Bill Scanning Paid Layover Detention Pay HAZ MAT Pay Fuel Discounts Tire Discounts Safety Bonuses Open Door Policy to Senior Management 2012 and 2013 Model 53 Foot Dry Vans No Trailer Rental Fees Down Payment Assistance Nations Express Uses the Nations Fuel Surcharge Average
     

  3. 1,327838,38383,7
  4. #2
    18K Member greg334's Avatar
    Join Date
    May 2005
    Posts
    20,280

    Re: Expedited freight quote formula HELP!!!!

    I don't think there is any difference, rates and profits are the same.. the method to figure your cost is the same and putting on a percentage of profit is the same.... meaning nothing special about expedited freight when you come down to it.

  5. 2,327872,38383,7
  6. #3
    Junior Member
    Join Date
    Sep 2009
    Posts
    4

    Re: Expedited freight quote formula HELP!!!!

    What is a formula that you use is what I need to know. Someone told price per pound per mileage. There is a possibility that I may get a dedicated lane but I still have to compete with my competitors. Could someone please show me a standard formula for figuring it out.

  7. 3,327874,38383,7
  8. #4
    18K Member greg334's Avatar
    Join Date
    May 2005
    Posts
    20,280

    Re: Expedited freight quote formula HELP!!!!

    Do you know your operating costs?

    There is no standard formula, it all is based on basic business practices of profit, break even and costs.

    In this business, expediting, the costs are more based on the fact much of the freight is moved by exclusive use trucks which means that the customer has that truck for that freight and only that freight.

    If you want to know how to quote right, you have to know what it costs you to move the truck, without that one number, it is useless to post any formula.
    Last edited by greg334; 09-11-2009 at 11:09 AM.

  9. 4,327878,38383,7
  10. #5
    Junior Member
    Join Date
    Sep 2009
    Posts
    4

    Re: Expedited freight quote formula HELP!!!!

    Break even statements are my forte, I am also a driving school which means I can also keep my costs relatively low

  11. 5,327881,38383,7
  12. #6
    Senior Member Jefferson3000's Avatar
    Join Date
    May 2006
    Location
    Florida
    Posts
    1,790

    Re: Expedited freight quote formula HELP!!!!

    Ice,

    I run a small carrier. I'll send you my number if you want to call me this weekend.
    Drive Safe!

    Jeff
    O/O 20 years
    OOIDA member
    http://jeffersonfastfreight.com


  13. 6,327891,38383,7
  14. #7
    Junior Member
    Join Date
    Sep 2009
    Posts
    4

    Re: Expedited freight quote formula HELP!!!!

    That would be fine. If evening are OK with you. I run a training class during the day..

  15. 7,327932,38383,7
  16. #8
    Senior Member nightcreacher's Avatar
    Join Date
    Jan 2005
    Location
    Kent, Oh, USA
    Posts
    4,055

    Re: Expedited freight quote formula HELP!!!!

    In the beginning expedited rates were higher than any others,supply and demand.If a customer needs the freight or he shuts his plant down,he needs to pay for the service.To many companies have sprouted up,and give their services away.Hope you aren't going to be another.

    Owner Opp:
    Roberts Express 1984
    Fedex Custom Critical
    TriState Exp Services
    and now
    Leased to Colonial Freight Systems Inc
    Steve Gilbert
    OOIDA 263839

  17. 8,328138,38383,7
  18. #9
    Junior Member Rollinout2's Avatar
    Join Date
    Jan 2008
    Location
    Elk Grove Village, IL
    Posts
    21

    Re: Expedited freight quote formula HELP!!!!

    Ah another person with Zero Expedite know how trying to quote Expedite freight. Doesn't even know how to quote. LOL, sad. Who would hire and put in charge this person? With no service or history of dependability you can only sell cheaper rates. Prepare to be EXPLOITED. Those that can't teach, oh yeah this person does.
    Abusing newbies out of driving school is a crapy thing to do !
    I'm sick and tired of these Eastern european sweat shops. (just guessing)Exploiting their immigrant labor, while driving rates lower.
    Stop the madness, this is 2009 not 1999

  19. 9,328145,38383,7

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