How are the line haul rates and fuel surcharge rates generated?
Data is provided by truckload carriers which supply rate information based on actual and current freight bills. The data is collected via each carrier dispatch system after the freight has been billed which includes: line haul rates and fuel surcharge. The information captured by truckloadrate.com is compiled and updated on a monthly basis and freight rates are the computed average of all the aggregate data. The information provided by carriers and the carrier identity is strictly confidential. The current number of contributing carriers in the truckloadrate.com database is over 100 and the fleet size of carriers ranges from 50 to 4,500 power units.
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When will I be billed on my credit card?
You will be billed on the first of every month for that month's usage.
What is Fuel Surcharge?
Fuel Surcharge is an accessorial charge that truckload carriers charge their shipping customers to help offset the cost of fuel. This is usually measured in a dollars per mile rate (ex: $0.20 per mile).
Some shipping customers will refuse to pay a fuel surcharge to truckload carriers. Carriers, in this case, will simply roll the fuel surcharge into the linehaul rate (ex: Base linehaul rate of $1.20 per mile is now $1.40 per mile using a $0.20 per mile fuel surcharge.)
This is why it is important in the Truckload Rate Index to present the average fuel surcharge alongside the average linehaul rate. Taken together this is the average rate per mile for a particular lane including fuel surcharge.
Are these rates roundtrip or one-way?
Are the rates "contracted" or "spot"?
The truckloadrate.com data is "contracted" rates. Dedicated lanes are filtered out to keep the truckloadrate.com results as accurate as possible.
How often are the line haul rates and fuel surcharge rates updated?
We pull this data from our contributing carriers once per month. We update our database on the 22nd of every month. If the 22nd falls on a business holiday or weekend, then we will update the freight rates on the following business day.
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