FedEx grew from delivering 186 packages on its first day of operations to delivering millions every day. FedEx Freight, its LTL shipping service, offers shipping services throughout North America.
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A freight quote is just that: a quote. It is only as accurate as the information supplied to obtain it, and it is not guaranteed to be the final price you will pay for your shipment.
To avoid unnecessary rebills, make sure that you carefully record the weights, dimensions, and freight class of your cargo for your paperwork, indicate any accessorials you may need to complete a shipment, and communicate with your carrier and consignee to avoid any delays, missed pickups, or missed delivery windows.
Additional services like liftgates, driver assist, and residential delivery can result in added charges on your freight invoice.
Cargo insurance and freight insurance cover shipments transported via water, air, road, and rail. In the context of LTL shipping, cargo and freight insurance are used interchangeably.
While the terms are often used interchangeably, traditionally speaking, freight refers to goods moved overland via truck or train, while cargo refers to goods moved overseas via ocean carriers or aircraft.
From general liability, freight classification, cargo, prior loss history, to a host of other factors, there are too many dynamics involved with each LTL shipment calculate the cost of cargo insurance with a simple formula. However, a base rate for cargo insurance usually starts the value of what you‚Äôre insuring. A percentage is then calculated based off a dollar value (usually in cents) to every $100 of the invoice total. That percentage will dictate the minimum cost of insurance.