ABOUT FREIGHT RATE CONVERTER

We have worked in logistics for a Freight Forwarding company since 2011. Our specialty is refrigerated and frozen Less-Than-Truckload (LTL) shipments, but we cover Truckload shipments as well.

When we started, our primary tasks and responsibilities involved quoting large LTL projects for our current and potential customers.  The various Fuel Surcharges (FSC) we needed to use between our customers and carriers made the process more difficult and time consuming than we thought it should be.  So we set out to find a better way.

Our goal is to help fellow freight forwarders and freight brokers (3PL companies) quote their customers. The site was designed to be used on PCs, but it is mobile-friendly as well. It provides error-free quoting, with a margin of error of plus or minus 1 cent, for LTL and Truckload shipments. For LTL shipments, the user needs to enter 4 numbers specific to each shipment. For Truckload shipments, the user needs to enter 5 numbers specific to each shipment. Here’s how it works:

LTL

Mark-up selection: If you select the Mark-up Percentage to be based on the Charge from the Carrier, then your profit will be based on the percentage you enter as it applies to the total charges from the carrier. If you select the Mark-up Percentage to be based on the Charge to the Customer, then your profit will be based on the total amount you are charging your customer.

Rounding: You can choose to round to the nearest $1.00 amount, the nearest $5.00 amount, or have no rounding involved at all.

• If you choose to round to the nearest $1.00 or $5.00, that will affect the mark-up percentage. The profit can be off by as much as $0.50 if it is rounded to the nearest $1.00 and as much as $2.50 if it is rounded to the nearest $5.00

Pallets: Select between 1 and 20 pallets

Entry Fields

  1. Enter the Charge from the Carrier Without Fuel Surcharge (FSC)
  2. Enter the Carrier’s FSC
  3. Enter the Mark-up Percentage
  4. Enter the Customer’s FSC

The customer charges will populate underneath the blue column headings (on PCs).

If the carrier gives you an all-in (including FSC) rate, then you can enter that amount into the first entry field (Enter the Charge from the Carrier Without FSC) and leave the second field (Enter the Carrier’s FSC) at 0.00%.

If you want to quote your customer with an all-in rate, then leave the fourth entry field (Enter the Customer’s FSC) at 0.00%.

If you would like the same Carrier FSC, Mark-up Percentage, and/or Customer FSC for every pallet, just click the check mark next to the field(s) you would like to have filled down immediately after you have entered the information into the entry field(s) for the first pallet. If you enter values into entry fields beyond the first pallet and go back and click a check mark, the functionality can be compromised.

Truckload

The Truckload options are very similar to the LTL options, except you can decide between charging your customer with a base rate or with a dollar-per-mile rate. Also, instead of pallets, you select between 1 and 20 lanes.

Entry Fields

  1. Enter the Charge from the Carrier Without Fuel Surcharge (FSC)
  2. Enter the Total Miles between Origin and Destination
  3. Enter the Carrier’s FSC
  4. Enter the Mark-up Percentage
  5. Enter the Customer’s FSC

The customer charges will populate underneath the blue column headings (on PCs).

The FSC for Truckloads is based on the number of miles between the pick-up location (origin) and the delivery location (destination). If you use cents-per-mile with your quotes, just enter the cents as a percentage. Example: 22 cents = 22%

If the carrier provides you with an all-in (including FSC) rate, but you would like to quote your customer with a base rate or dollar-per-mile rate without FSC, just leave the third entry field (Enter the Carrier’s FSC) as 0.00%.

We sincerely hope this site helps 3PL companies quote their customers! Especially on some of the larger projects that can become extremely stressful.

If you have any questions or concerns, please contact us at admin@freightrateconverter.com

Kind regards,

-Tony Wilson

President & CEO