The cost of transporting a shipment can be affected by the amount of space that it occupies while in transit, rather than the actual weight.This is the volumetric (or dimensional) weight
Volumetric weight is calculated by multiplying the length x height x width of a package and dividing the result by a volumetric factor. That factor varies with the unit of measure & mode of transport. Since we use kilograms to calculate shipping charges, we use the following formulas to calculate volumetric weight:
As we are aware that Banking, Securities company, Insurance, pharmaceutical and drugs companies are the most aggressively growth-oriented industries today with such high competition, our research in all these industries need have made us understand that with technologically advanced system even in banking, the need of the hour is very personalized and specific.
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