When it comes to LTL Transportation, every detail is important—especially calculating all of the associated costs. Old Dominion’s service, on-time percentage and low claims ratio provide a greater value across every aspect of the shipping process. This value calculator identifies and quantifies those costs to illustrate how Old Dominion can help you lower your overall total cost of transportation.
Instructions: Fill in the fields below. Roll-over each field name for additional information. Where appropriate, we have prepopulated the fields with industry averages or Old Dominion corporate performance metrics. However, where you have specific metrics for your own shipping, please enter them. Try to provide the most accurate data possible so the calculator provides accurate results and the true potential benefit for your shipping situation.
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*Old Dominion’s industry-leading on-time and #1 claims prevention rankings are based on the 2018 Mastio & Co. National LTL Carrier Report. Old Dominion’s .28% claims ratio is as of Q1 2017.
**Results provided by this calculator are based upon information input by the user and are also based on certain business assumptions as described in the rollover text for each entry. Calculations should not be considered as price quotes, actual savings amounts or offers of service by Old Dominion but rather directional data based on the total cost of your freight program. Although OD has made every effort to ensure the accuracy of this calculator, each business is different and will have additional factors influencing actual results. OD does not guarantee, either expressly or implicitly, the accuracy and completeness of this calculator.
The chart above does not account for the other costs, such as administrative costs, the carrying cost of inventory, customer dissatisfaction, and other intangible expenses.
** The chart above is for illustrative purposes only and may not be indicative of, or predictive with respect to, your particular shipping situation.
Enter the estimated number of your shipments each year that arrive outside the delivery parameters established by your customers. Fines, also called chargebacks, are often an issue with retail customers.
OD’s Shipments Incurring Fines is based on your number of shipments times OD’s outstanding on-time delivery rate. OD’s ability to meet tightening delivery windows improves your retailer relationships.
Enter the rate you are fined for missing a delivery window. This is a percentage of the value of the shipment. The retail industry average is between 3% and 5% of the value of the shipment.
This represents the total cost involved when your freight is damaged. It is calculated by multiplying the assumed handling costs and the dollar profit per shipment by the number of damaged shipments.
This is the percentage reduction in the total cost of your freight that Old Dominion’s value added service could potentially generate based on the assumptions you’ve provided.