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Flatbed
48,000 LBS
Construction materials, Lumber, Large Machinery
Dry Bed
45,000 Ibs
Nonperishables, Clothes, and home goods
Refrigerated Van= Reefer
42,500
Frozen chicken, produce, temperature sensitive chemicals
Shipper
customers with freight that needs to be shipped
Carrier
Truck that picks up and delivers the freight
Margin
Difference between what the shipper pays and what the carrier charges
Commodity
General term for the freight being shipped
DOT Regulation
Total gross weight of any tractor trailer cannot exceed 80,000 lbs
Driver can be on duty 14hrs. Drive a maximum of 11 hrs., and must take 10 consecutive hours off
TQL commission
Logistics Account Executive (LAE) receive 25% of the margin for each load they negotiate between a shipper and carrier
equations: rate per mile x miles= carrier rate
Illegal Load: Which of the following is an example of an illegal load?
A.Refrigerated Van hauling 24 pallets of frozen chicken at 1300 lbs. per pallet
B.Flatbed Hauling 55,00 lbs. of steel
C.Flatbed hauling a mobile home weighing $32,897 lbs.
D.Dry van hauling 36,158 lbs.
B. The flatbed hauling 55,00 lbs. of steel is the illegal load, because the haul weight is over the 48,000 lbs. limit
2 more examples of Illegal Loads
…..
Example 1: 1: A customer pays TQL $1,500 for an 850-mile shipment of frozen goods on a reefer van. TQL’s LAE negotiates a rate of $1.50 per mile with the carrier to deliver that shipment, a total of $1,275
Shipper: 1,500
Carrier Rate: 1275
Margin: 225
Commission Rate: 25%
LAE Commission: 56.25
Example 2: Your customer is paying $2,450 for a load of rubber going 524 miles. You have negotiated $2,100 with the driver. What is the margin and commission for this load?
Customer: 1,475
Carrier: 1,269
Margin: 206
Commission: 25%
LAE Commission: 51.50
Example 3: Your customer is paying $1,475 for a load of rubber going 680 miles. You have negotiated $1,269 with the driver. What is the margin, commission, and price per mile for this load?
Customer: 1,475
Carrier: 1,269
Margin: 206
Commission rate: 25%
LAE Commission: 51.50