JOINT RATE Meaning and
Definition
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Joint rate refers to a term used in the field of transportation and logistics, particularly in the context of shipping. It refers to a combined rate or tariff that is applied for the transportation of goods or passengers by multiple carriers along a specific route. A joint rate is typically used when two or more carriers collaborate or establish a partnership to offer a seamless transportation service to customers.
In practice, a joint rate involves the aggregation or consolidation of separate rates set by individual carriers involved in the transportation process. These carriers may operate different modes of transportation, such as shipping lines, airlines, trucking companies, or railroads. The joint rate reflects a single, unified charge for the overall service provided by all carriers involved, ensuring a coordinated and efficient transportation experience.
The establishment of joint rates is often facilitated by industry agreements or alliances formed between carriers. This allows for more competitive pricing and improved service offerings by combining different carrier strengths or capabilities. Joint rates also increase convenience for customers as they deal with a single tariff structure rather than multiple individual rates.
In summary, joint rate is a collective or combined charge set for the transportation of goods or passengers involving multiple carriers. It signifies collaboration and coordination among carriers to provide a seamless and efficient transportation solution to customers.
Common Misspellings for JOINT RATE
- hoint rate
- noint rate
- moint rate
- koint rate
- ioint rate
- uoint rate
- jiint rate
- jkint rate
- jlint rate
- jpint rate
- j0int rate
- j9int rate
- jount rate
- jojnt rate
- joknt rate
- joont rate
- jo9nt rate
- jo8nt rate
- joibt rate
- joimt rate
Etymology of JOINT RATE
The word "joint rate" is a combination of two terms: "joint" and "rate".
1. Joint: The word "joint" originated from the Old French term "jointe", which meant "joint" or "articulation". It can be traced back to the Latin term "juncta", meaning "joining" or "connected". The term "joint" refers to a place where two or more parts are united or connected.
2. Rate: The word "rate" originated from the Old French term "rate" or "rater", which meant "proportion" or "share". It can be traced back to the Latin term "rata", meaning "fixed portion" or "fixed amount". Over time, the term "rate" evolved to refer to the speed at which something occurs or the proportional amount of something.
