How To Calculate Freight Rates - For Beginner Freight Forwarders

When it comes to freight rates, you don't always get a fixed price. Rates are quoted as "weight measure" (WM) or "volume metric" (VM), it's up to you to calculate the actual cost based on a formula. Alan Bracken from ABTS® explains the formula for each and how to calculate the rate. 0:00 Introduction 1:30 Sea Freight Rates - Weight Measure Formula 2:34 Weight Measure Example 4:05 Air Freight Rates 4:50 Volume Metric Formula 6:20 Volume Metric Formula - Example One 7:35 Volume Metric Formula - Example Two For more information see the ABTS® Website: https://www.abtslogistics.co.uk/ For more FREE, practical knowledge on various import export subjects check out our blog: https://www.abtslogistics.co.uk/blog/ Online Premium Courses: If you're really serious about starting your own import export business or getting into it as a career, check out our premium online courses: Export Documentation and Procedure: https://www.abtslogistics.co.uk/full-... Become a Successful Export Agent: https://www.abtslogistics.co.uk/impor... How To Buy and Sell Using a Letter of Credit: https://www.abtslogistics.co.uk/lette...