How much is a ton mile?

How much is a ton mile?

What is a ton-mile? One ton-mile is the equivalent of shipping one ton of product, one mile. For example: One ton-mile is the equivalent of shipping one gallon of milk about 225 miles.

How is freight rates?

Freight rates are determined by several factors: freight density, stowability, classification, mode of transportation, distance, points of pickup and delivery, fluctuating fuel costs, truck capacity and any extra charges for special cargo.

How much freight does rail carry?

The total volume of rail freight moved grew to 17.4 billion net tonne kilometres in 2018-19, a 3% increase from 2017-18. This is the first increase in the annual total since it peaked in 2013-14, at which time Coal accounted for 36% of rail freight moved (now only 7%).

How do you calculate revenue ton-miles?

In order to calculate revenue passenger miles, airline companies multiply the number of passengers by the total distance traveled. Using this formula, 200 passengers on board a flight that travels 500 miles generates the airline a total of 100,000 revenue passenger miles.

How are rail freight rates calculated?

This price is based on the weight and distance of the shipment. For example, if you ship 24 tons of a commodity 100 miles it would be 2,400 ton-miles. If the rate is $0.30 per ton-mile the transportation cost would be $720.

What is the average freight cost per mile?

Here are the current rates for the most popular freight truck types: Overall average van rates vary from $2.30 – 2.86 per mile. Reefer rates are averaging $3.19 per mile, with the lowest rates being the Northeast at $2.47 per mile. Average flatbed rates average at $3.14 per mile.