LTL203: LTL Freight Pricing

LTL Freight Pricing demonstrates your mastery of the factors and influences that affect pricing freight for transportation with an LTL carrier. The different LTL pricing models, classification basics and understanding of the NMFC, base rates and gross rates, discounts, tariffs, and trends in LTL freight pricing are evaluated in detail. Practical application of the various LTL pricing models based on different freight types and options are included. Learning outcomes: • Identifying pricing formats; • Recall key formulas for pricing freight; • Differentiate packaging types for freight handling; • Explain purpose of NMFC; • Apply transportation characteristics to classify products; • Interpret product class • Compare class-based and density-based pricing models; • Describe freight cost factors; • Calculating price to ship freight using LTL transportation.