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Freight hauling can be a difficult process to navigate through. Shippers will have to shoulder some of the burden associated with escalating transportation costs this year. Here is how to tell if your hauling rate is correct.
Truck hauling has been difficult during the pandemic and with the political volatility. Truck freight rates need to increase to keep up with these factors. In order to increase your trucking freight rates, you’ll need to provide justification to your customers on why and have the supporting math to prove your point.
Calculating freight rates can be difficult. What is the average rate per mile for hauling freight? The rate for truck hauling services is usually based on the rates per mile for trucking. The hauling rates per mile will depend on the type of freight, the area in which the carrier is domiciled, the lanes in which you operate, etc.
truck freight rates
With truckload rates, the shorter the distance, the higher the cost per mile, and the longer the distance, the lower the cost per mile. The hauling cost (hauling rates) can vary as much as 20 to 30 cents per mile on a variance of just 500 miles per week.
There are also factors such as fuel cost, load-specific cost, and load volume to consider. The best way to determine your hauling freight rate is to speak to a professional. This will make sure you are not undercharging and you are calculating the correct rate.
The average rate per mile hauling freight can be expensive and if you don’t have the funding or if you are a start-up or small business, you may need help. Triumph Business Capital can help you with the funding you need for your freight, as well as provide you with factoring solutions for the freight industry.
If you need help with funding your freight hauling, contact our team today!
Homepage: https://www.invoicefactoring.com/factoring-blog/how-to-know-if-your-hauling-rate-is-correct/
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