Sign up for The Wire Newsletter!

Expedited freight quote formula HELP!!!!

Discussion in 'General Expediter Forum' started by iceweasles, Sep 10, 2009.

  1. iceweasles

    iceweasles Seasoned Expediter

    Joined:
    Sep 10, 2009
    Messages:
    4
    Trophy Points:
    66
    Ratings:
    +0 / 0 / -0
    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. greg334

    greg334 Veteran Expediter

    Joined:
    May 8, 2005
    Messages:
    20,280
    Trophy Points:
    538
    Ratings:
    +41 / 0 / -0
    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.
     
  3. iceweasles

    iceweasles Seasoned Expediter

    Joined:
    Sep 10, 2009
    Messages:
    4
    Trophy Points:
    66
    Ratings:
    +0 / 0 / -0
    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.
     
  4. greg334

    greg334 Veteran Expediter

    Joined:
    May 8, 2005
    Messages:
    20,280
    Trophy Points:
    538
    Ratings:
    +41 / 0 / -0
    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: Sep 11, 2009
  5. iceweasles

    iceweasles Seasoned Expediter

    Joined:
    Sep 10, 2009
    Messages:
    4
    Trophy Points:
    66
    Ratings:
    +0 / 0 / -0
    Break even statements are my forte, I am also a driving school which means I can also keep my costs relatively low
     
  6. Jefferson3000

    Jefferson3000 Expert Expediter

    Joined:
    May 28, 2006
    Messages:
    1,790
    Trophy Points:
    113
    Ratings:
    +10 / 0 / -0
    Carrier:
    Jefferson Fast Freight, LLC
    Ice,

    I run a small carrier. I'll send you my number if you want to call me this weekend.
     
  7. iceweasles

    iceweasles Seasoned Expediter

    Joined:
    Sep 10, 2009
    Messages:
    4
    Trophy Points:
    66
    Ratings:
    +0 / 0 / -0
    That would be fine. If evening are OK with you. I run a training class during the day..
     
  8. nightcreacher

    nightcreacher Veteran Expediter

    Joined:
    Jan 12, 2005
    Messages:
    4,056
    Trophy Points:
    188
    Ratings:
    +22 / 0 / -0
    Carrier:
    Tri State Expedited Services
    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.
     
  9. Rollinout2
    Balanced

    Rollinout2 Seasoned Expediter Fleet Owner

    Joined:
    Jan 9, 2008
    Messages:
    27
    Trophy Points:
    70
    Ratings:
    +1 / 0 / -0
    Carrier:
    FMT INC.
    Vehicle:
    Tandem axle straight truck
    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
     
Loading...

Share This Page