Can someone please explain how to factor per hundred weight (CWT)? I'm not grasping the concept, I have a customer who wants quotes, but per hundred weight. He has given me lanes and weights but I have no idea how to factor. Any help is greatly appreciated.
Per Hundred Weight
Discussion in 'Ask An Owner Operator' started by ReeferOhio, Dec 16, 2013.
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5.00cwt 40K = 2000.00
7.00cwt 40K = 2800.00
ect,ect,ect -
Divide your freight weight by 100 to get your hundredweight (cwt).
Example: Load weighs 42,000 lbs, divided by 100 = 420 cwt
So 420 cwt is exactly the same as 42,000 lbs.
Does that help? Or still trying to equal this to your price per mile? Or something else?ReeferOhio Thanks this. -
Just remember to make sure the trailer will haul the weight / volume ratio before you quote.
Example ;
42,000 pounds of potatoes will fit in a trailer.
42,000 pounds of furniture will not. Too bulky
42,000 pounds of paper will fit in a trailer.
42,000 pounds of plastic bottles will not fit in a trailer.
Get the idea ?ReeferOhio, KW Cajun, old time and 1 other person Thank this. -
Yes, that helps. Im trying to understand how they come up with the freight cost. Like I see with a customer I have that post the per hundred weight at .61 plus FSC. Where did the .61 come from? I have a customer that wants a quote on loads going 461 miles one way weighing 43,361#. I don't know where the .61 comes from? If that makes sense.
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.61x420= $256 plus fuel. I hope that's a short haul.
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It is very short haul. I've been messing with this all afternoon, and while I can't explain how to come up with the per hundred weight price, I've figured that the longer the distance the higher the per hundred weight price. Do you have away of coming up with the per hundred weight price or is that like a per mile rate everyone is different depending on lanes?
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and yes fuel extra, these numbers are load and distance only.
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The load price is whatever the market will bear, just like mileage.ReeferOhio Thanks this.
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OK. Do this.Take whatever you want charge the customer. Deduct whatever the fuel surchage is. ( this is something you must agree on how to figure, there are different ways of figuring ). Take however much is left, divide by 433.61 ( that is number of cwt. ). That is your rate per cwt.
ReeferOhio Thanks this.
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