Load Amount Calculation

I would like to understand how the total Amount on a load is calculated. 

Load Amount Calculation

There are three ways to calculate the Load Amount: quantity of commodity (Weight Based), miles of the haul (Miles Based), or hours spent on the haul (Hours Based). 

Weight Based

• The Amount is determined by the quantity of Commodity at a price per unit with an optional Adjustment dollar amount included. The price per unit is captured by the Rate and the Rate UoM (Rate Unit of Measure).  
• If available, the Net Destination Weight is used in the calculation as the weight of the load. Otherwise the Net Origin Weight will be used.
• If the Rate UoM is Bushels, the weight is converted to bushels by an industry standard commodity specific conversion factor.
• Here are the Rate UoM that are available for the weight based method, and the associated equation for calculating the Amount. 

  • Bushels: Weight/(lbs to Bushel Conversion) x Rate+ Adjustments. 

  • Short Tons: (Weight/2,000) x Rate+ Adjustments.
  • Hundred Weight: (Weight of Load/100) x Rate + Adjustments.
  • Pounds: Weight of Load x Rate + Adjustments.
  • Metric Tons: (Weight of Load/2,204.62) x Rate+ Adjustments.

Hours Based

• The Amount is determined by the time taken for the haul of Commodity at a price per hour with an optional adjustment dollar amount included. The calculation is given below: 
  • (Hours x Rate) + Adjustments.

Miles Based

• The Amount is determined by the distance driven for the haul of Commodity on the load at some price per hour with an optional Adjustment dollar amount included. The calculation is given below:
  • (Miles x Rate) + Adjustments.