A freight rate (historically and in ship chartering simply freight[1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination. Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo.
For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile.[2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000. On the other hand, Intermodal container shipping rates depend heavily on the route taken over the weight of the cargo, just as long as the container weight does not exceed the maximum lading capacity. Prices can vary between $300-$10,000 per Twenty foot equivalent unit (TEU) depending on the supply and demand of a given route.[3]
In ship chartering, freight is the price which a charterer pays a shipowner for the use of a ship in a voyage charter.[4]
^Oxford English Dictionary s.v. freight
^Coal Transportation: Rates and Trends
^2019 Container Shipping Rates (UK)
^"Maritime knowhow website: The Freight". Archived from the original on 2011-07-14. Retrieved 2011-02-20.
A freightrate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another. The price...
shipment. A freight forwarder does not move the goods but acts as an agent in the logistics network and will carry out freight consolidation, rate negotiations...
freight when conveyed via water or air. In economics, freight refers to goods transported at a freightrate for commercial gain. The term cargo is also used...
physical-deliverable freight derivatives, and options based on these, are financial instruments for trading in future levels of freightrates, for dry bulk carriers...
Law Review. (1947). "The Historical Development of Easter-Southern FreightRate Relationships" Law and Contemporary Problems, 12(1). Accessed 2017-03-28...
lawyer representing the British Columbia government in its case to reduce freightrate differentials on goods shipped through the Rocky Mountains by rail. He...
daily freight container index issued by the Baltic Exchange and Freightos. The index measures global container freightrates by calculating spot rates for...
Worldscale is a unified system of establishing payment of freightrate for a given oil tanker's cargo. Worldscale was established in November 1952 by London...
000 and 115,000 DWT. This is the largest size defined by the average freightrate assessment (AFRA) scheme. Q-Max, liquefied natural gas carrier for Qatar...
the sector in the near future. UNCTAD also tracks container freightrates. Freightrates are expressed as the total price in U.S. dollars for a shipper...
for international freight, using a SaaS-Enabled Marketplace model. It also provides rate management and quoting software for freight forwarders and carriers...
aspects of any charter party is the freightrate, or the price specified for carriage of cargo. The freightrate of a tanker charter party is specified...
ferry rate of 3-gerah per day on a charterparty between a ship charterer and a shipmaster. Law 276 stipulated a 21⁄2-gerah per day freightrate on a contract...
000 metric tonnes. The term is based on the Average FreightRate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping...
quick passages. They were also able to pay their way when the high freightrates often paid to a fast sailing ship were not available (in a fluctuating...
between WTI and Brent crude must reflect oil tanker freight costs. Oil tanker freight cost rates could be highly volatile, due to circular dependence...
half of global air cargo is carried in passenger jets’ bellies. Air freightrates rose as a consequence, from $0.80 per kg for transatlantic cargoes to...
the upper turning points of the business cycle, commodity prices, and freightrates, which is shown to be particularly tight in the grand peak years of...
hedge against the volatility of freightrates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built...
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The Crow Rate, or Crowsnest FreightRate, was a rail transportation subsidy benefiting farmers on the Canadian Prairies and manufacturers in Central Canada...
ferry rate of 3-gerah per day on a charterparty between a ship charterer and a shipmaster. Law 276 stipulated a 21⁄2-gerah per day freightrate on a contract...
Freight transport, also referred as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. The term...
Intermodal freight transport involves the transportation of freight in an intermodal container or vehicle, using multiple modes of transportation (e.g...
activities such as analyzing freightrates, negotiation with freight forwarders or recovering freight invoice discrepancy with freight forwarders. For option...
ferry rate of 3-gerah per day on a charterparty between a ship charterer and a ship-owner. Law 276 stipulated a 21⁄2-gerah per day freightrate on a charterparty...
each carrier would each take out its own portion of the freightrate as it handles the freight. Also, the final carrier would not have to collect any monies...
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