What is a Shipping Cost Calculator?

What is a Shipping Cost Calculator?

In this fast-paced world, everyone is seeking quick and reliable delivery services. According to a survey, 64.3% of online shoppers expect cost-effective or free and fast delivery of goods. Likewise, business owners are also trying to provide their customers with the best ecommerce shipping options. When it comes to shipping freight, business owners need to know their margins when estimating and analyzing shipping prices. Use a shipping cost calculator to help you save time and continue gaining profits in this highly competitive market. To help you understand what a shipping cost calculator is and what to look for in a shipping calculator, we’ve provided a basic understanding of their features and options. It’s easy to think of freighting as one-dimension suits all, but there is a lot to consider, as you will see. Let’s dive in!

What is a shipping cost calculator?

A shipping cost calculator is a robust software solution used to calculate the best shipping rates and services for you and your customers. As you know, shipping costs are the direct cost of moving items from a store/warehouse or online store to a customer’s doorstep. This tool is designed to make shipping rates and service details available to its users in a quick and easy-to-read format. It typically includes pricing and current operational details, origin and destination facilities, and available shipping services.

What factors are used by a shipping cost calculator?

A shipping cost calculator uses various factors, which we have described below. Each has its value, and you must understand them carefully. Once you know what factors will affect your shipping prices, you can ultimately use them to find ways to save on your shipment. So, let’s take a look at the main factors used by a shipping cost calculator.

  • Freight Weight and Dimensions
  • Distance
  • Truck Capacity
  • Custom Duty and Other Taxes
  • Shipping Tracking and Insurance
  • Delivery Timing
  • Fuel Prices
  • Any Special Services

Consider the factors mentioned above if you want to calculate your shipping rates or even estimate the approximate price for shipping a given package.

Why use a shipping cost calculator?

In a business, there are many hidden costs linked with items, including estimated shipping costs. It may seem unimportant in the paperwork, but it can add up if you are not sure what to expect. You can even decrease the total revenue margin between the sales and the product’s purchase price by calculating it! A shipping cost calculator helps you forecast shipping costs and manages product charges in your account. It is one of the fastest calculating ways to automatically generate the total cost to send the package to the determined destination using defined parameters. Hence, it is a fairly used tool for checking delivery prices.

Calculate Shipping Cost with GoShip

Finally, a shipping cost calculator is a dynamic software solution and acts as a blessing for businesses. Freight rates change, new services come online and go, and new service providers are added. Therefore, there are many benefits to calculating the best shipping rates for your business, including offering affordable products or shipping rates. In turn, it generates more business and faithful customers. If you also want to take your business to the next level, consider using an online shipping platform like GoShip.com. At GoShip, we offer a shipping cost calculator with our free quote tool for LTL and FTL shipments. Click the button below to get started!