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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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.
From machines that stretch-wrap your freight pallets for you, to software that remembers and auto-fills the weight and dimensions of your most frequently shipped items, there are a variety of ways to automate your processes and save time when preparing your shipment.
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’re 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.
Generally speaking, freight insurance will cost between 0.5% and 2% of the value of the goods being shipped. The actual cost may depend on other factors, including the freight class and general liability of the items.
