3PLs utilize profile worksheets to calculate rates. Each 3PL has its own worksheet, but the approaches are similar. At Weber, we look at a variety of data, including product volume, case size, pallet size and weight.

Understandably, shippers often can’t provide all the details requested. That can make it quite difficult, and sometimes impossible, to calculate a rate of any kind, much less an accurate ready.

Missing or incorrect data will result in inaccurate rates. For example, let’s say a shipper does not know if products can be stored 2 pallets high or 3 pallets high. If the 3PL needs to charge $15 per pallet footprint, then the rate for 2-high storage would be $7.50 per pallet. But if the product can be stored 3-high, the rate would drop to $5.00 per pallet.

You can see how missing or incorrect data will result in inaccurate rates. When it comes to commercial warehouse pricing, accurate data on the current operation is everything.

To read more about warehouse pricing, read our eBook: “Understanding Commercial Warehouse Pricing.” In it, we go into some detail on how warehousing rates are calculated, the importance of accurate data and, more importantly, what you can do to impact and reduce these costs.