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Submission: On January 30 via api from IE — Scanned from DE
Submission: On January 30 via api from IE — Scanned from DE
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2 forms found in the DOMGET https://odmarketing.odfl.com/l/890823/2021-05-24/61f16j
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<a href="#" class="underline" data-modal-id="xyzincurringModal"><label class="inline">Current Shipments Incurring Fines</label></a>
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<i>%</i>
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<input type="submit" class="button radius expand" id="calculate" value="Calculate">
</form>
POST https://odmarketing.odfl.com/l/890823/2021-05-24/61f16j
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</form>
Text Content
Value Calculator THE VALUE OF SHIPPING WITH OLD DOMINION 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. Annual Number of Shipments (Minimum of 50 annual shipments required) Average Sales Value per Shipment $ Company Contribution TOTAL COST Average Carrier Shipping Charge $ Old Dominion Price Differential % Current On-Time Shipment Percentage % Old Dominion On-Time Shipment Percentage % Current Claims Ratio % Old Dominion Claims Ratio % Current Shipments Incurring Fines Fine Percentage % RESULTS Annual Sales Value of Freight $ Example ODFL Freight Bill $ TOTAL Current Carrier -------------------------------------------------------------------------------- ODFL -------------------------------------------------------------------------------- Number of Late Shipments Sales Opportunity Cost $$ Cost of Claims $$ Total Freight Bill $$ Fines/Chargebacks $$ Actual Total Cost $$ Total Cost Reduction % Old Dominion Potential Total Cost Benefit** $ Email Address *Old Dominion’s industry-leading on-time and #1 claims prevention rankings are based on the 2022 Mastio & Co. National LTL Carrier Report. Old Dominion’s .14% claims ratio is as of Q4 2022. **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. Enter the number of shipments you send in a year. × This is the average price you pay for a shipment. × This is the average value of each shipment. × 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. × Old Dominion’s service can be priced above that of the competition. That difference is generally between 5% and 9%. × Enter your current shipper’s on-time percentage rate. The industry average is 94%. × Old Dominion’s industry-leading* on-time delivery rate is 99.1%. × Enter your current carrier’s claims ratio. This is the percentage of shipments that incur damage. The industry average is 1.4%. × OD is ranked #1 in Claims Prevention and has a claims ratio of only 0.14%.* × 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 is the number you entered on the Assumptions page. × This is the number of shipments multiplied by the average invoice value. × This is based on your average invoice amount multiplied by the OD price differential. × This is calculated by applying each carrier’s on-time percentage to your annual number of shipments. × This is the amount of profit lost due to late shipment. It is the dollar amount of profit on each shipment multiplied by the number of late shipments. × 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 calculated based on the Annual Number of Shipments multiplied by each carrier’s Example Freight Bill. × This amount is calculated by multiplying the total value of the number of shipments incurring fines times the fine percentage. × This is the sum of the cost of sales claims, total freight bill and shipments incurring fines. This represents the true cost of freight. × 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. × This is the amount you could potentially save in your LTL transportation costs by switching to Old Dominion. × COOKIE CUSTOMIZATION CENTER When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, please be aware that blocking some types of cookies may impact your experience on the site and the services we are able to offer. Privacy Policy Allow All MANAGE COOKIE PREFERENCES STRICTLY NECESSARY COOKIES Always Active These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information. Cookies Details PERFORMANCE COOKIES Performance Cookies These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. Cookies Details FUNCTIONAL COOKIES Functional Cookies These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly. Cookies Details TARGETING COOKIES Targeting Cookies These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising. Cookies Details SOCIAL MEDIA COOKIES Social Media Cookies These cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies you may not be able to use or see these sharing tools. Cookies Details Confirm My Choices Back Button Back PERFORMANCE COOKIES Vendor Search Search Icon Filter Icon Clear Fliters Information storage and access Apply All Consent Allowed Select All Vendors All Consent Allowed * 33ACROSS HOST DESCRIPTION VIEW COOKIES REPLACE-WITH-DYANMIC-HOST-ID * Name cookie name Host cookie host Duration cookie duration Type cookie type Category cookie category Description cookie category * 33ACROSS View Privacy Notice 3 Purposes REPLACE-WITH-DYANMIC-VENDOR-ID Arrow Consent Purposes Location Based Ads Consent Allowed Legitimate Interest Purposes Personalize Require Opt-Out Features Location Based Ads Confirm My Choices ODFL uses cookies to optimize site performance and deliver a premium customer service experience. For more information, please view our Privacy Policy CUSTOMIZE COOKIES ACCEPT