LTL203: LTL Freight Pricing

SMC³’s LTL Freight Pricing course examines the complexities of LTL pricing and costing models. It lays out the processes, formulas, and determining factors engaged by LTL pricing and costing professionals.

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Course details

Ever wonder what it costs to transport freight using an LTL Carrier? How did the carrier calculate the cost for transportation? Why was my freight classified a certain way? In this course you will explore LTL pricing models, classification basics, base rates and gross rates, how discounts are used, and trends in LTL carrier costing. This course is perfect for those wanting to learn the necessary insight and knowledge to understand how rates are calculated, to seek favorable rates, and to save transportation dollars.

Learning objectives and modules

SMC³’s LTL Freight Pricing course examines the complexities of LTL pricing and costing models. It lays out the processes, formulas, and determining factors engaged by LTL pricing and costing professionals.

  • Module 1: LTL Carrier Pricing & Carrier Costing
  • Module 2: Types of Carrier Expenses
  • Module 3: How LTL Freight is Classified and Priced
  • Module 4: Class-Based Vs Density-Based Pricing
  • Module 5: How an LTL Carrier Prices a Specific Shipper
  • Module 6: W&R/W&I; Proper Packaging
  • Module 7: Freight Costing Part One
  • Module 8: Freight Costing Part Two
  • LTL203 Final Exam
Course resources

Learning with SMC³ provides you with unmatched resources and reference materials to help you navigate and apply the concepts to mitigate the complexity of LTL.

  • Video library featuring prominent industry leaders discussing key learning from the course
  • Glossary of Terms commonly used in LTL
  • NMFTA Best Practices Guide for Packaging

Additional Resources are added throughout the year.

Time

SMC³ delivers this course asynchronously, or self-paced, through our LMS. Once your Learner Account is created and the course added to your account, you will have access to complete the course in 60 days. You may request an extension to the course expiration date by sending an email to CLTL@smc3.com.

The course includes 8 hours of interactive content and additional resources to aid in your training.

Online Training: 8 hours
Access time: 60 days

Hybrid Series: 3-4 hours
Access time: Live and Recorded - 60 days

Special session including live seminars

Special Session should expand to include information on the dates and topics that will be covered during the current year Hybrid Sessions. Include information on speakers and links to prior year recordings.

JUN 5: The Fundamentals of LTL Freight Pricing

JUN 12: Classification and the Role of the NMFTA

JUN 26: Reduce Invoice Surprises

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Pricing

All Courses: $495

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