FREIGHT RATE Meaning and
Definition
-
Freight rate refers to the price or charge that is assessed for transporting goods or cargo from one location to another, typically by a carrier or shipping company. It is the amount that a shipper or customer must pay to have their goods transported by a freight service provider, such as a trucking company, railroad, or shipping line.
The freight rate is often determined by various factors, including the weight, volume, and type of goods being transported, the distance traveled, the mode of transportation used, as well as any additional services required, such as loading and unloading. Freight rates can also be influenced by market demand, fuel costs, labor expenses, and other economic factors.
Freight rates can be presented in different formats, such as per mile, per ton, per container, or per cubic meter. They can be quoted as a flat fee for a specific shipment or calculated based on a rate per unit of weight or volume. Additionally, freight rates can vary depending on the terms and conditions of the shipping contract, including any negotiated discounts or surcharges.
Understanding freight rates is essential for shippers, as it enables them to estimate transportation costs and make informed decisions when selecting a freight service provider. It also allows carriers to determine their pricing strategies and ensure they are charging a fair and competitive rate for their services.
Common Misspellings for FREIGHT RATE
- dreight rate
- creight rate
- vreight rate
- greight rate
- treight rate
- rreight rate
- feeight rate
- fdeight rate
- ffeight rate
- fteight rate
- f5eight rate
- f4eight rate
- frwight rate
- frsight rate
- frdight rate
- frright rate
- fr4ight rate
- fr3ight rate
- freught rate
Etymology of FREIGHT RATE
The word "freight" originated in Middle English around the 14th century, derived from the Old French word "fraight", meaning payment for the hire of a ship or cargo space. This Old French term came from the Middle Dutch word "vracht", which had a similar meaning. Both the Middle Dutch and Old French words can ultimately be traced back to the Old High German word "frēht", which meant carriage or freight.
The term "rate" has Latin origins, derived from the Latin word "ratus", meaning fixed or settled. In English, "rate" was initially used to describe the estimated value or worth of something. Over time, it also came to be associated with the charge or price for a service or commodity.
Combining these origins, "freight rate" refers to the charge or price for transporting goods or cargo.
Similar spelling words for FREIGHT RATE
- red fort,
- Red Friday,
- ready freddy,
- roadway freight,
- frighteningly,
- frighten away,
- frighten off,
- freight car,
- freight liner,
- red ferret,
- frightening,
- riata ford,
- frightened,
- free weight,
- red fruit,
- freightage,
- freight agent,
- ferrite-rod aerial,
- freighter,
- freight train.
Infographic
Add the infographic to your website:
