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Minimum 1 day shipping rates - LogisticsAcademy.org

Minimum 1 day rates for each type of equipment. It is important to understand how to establish rates and what different lanes are worth if you are going to become a Freight Broker or a Freight Agent.

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Minimum 1 day shipping rates - LogisticsAcademy.org

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  1. Minimum 1-day Shipping Rates LogisticsAcademy.org Connect with us on LinkedIn

  2. You have to know the rates! It is important to understand rates and what different lanes are worth if you are going to be a Freight Broker, Freight Agent, Traffic Manager, Dispatcher, or Driver. You don’t want to be getting ripped off and you must to be able to provide competitive quotes!

  3. Why set minimum rates? • Understand that not every single load is going to be transported across the entire country, many of them may pick up and deliver on the same day and even within the same city. • When a load is only going 30 or 60 miles you can’t really get away with just paying the truck $2.00/mile, you are renting a $100,000 piece of equipment for a day (plus a driver). • Carriers have expenses!

  4. Operating Costs & Expenses • There are industry standard minimum day rate charges because carriers all have operating costs & expenses! • A carrier may have to make payments on their truck and do all sorts of other things such as pay for maintenance, insurance, and fuel, and they can’t really afford to just be sending their equipment out for free! Obviously, it is a business.

  5. Minimum 1 day Rates • $400 - $750: Dry Vans, Flatbeds • Reefers (+$100 for fuel allowance) • $1,000: Step Deck / Double Drop • RGN’s • $1,000: 5-7 axles • $2,000: 8-10 axles • $2,500: 10-12 axles • $3,000: 12-15 axles

  6. Negotiate! • The least you can really get away with paying carriers depends on their type of equipment • Understanding this is another important aspect for learning & establishing freight rates for your company.

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