Freight Rate (Noun)
Meaning
The charge for transporting something by common carrier; "we pay the freight"; "the freight rate is usually cheaper".
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company negotiates the freight rate with the shipping company every quarter to get the best deal.
- Freight rates are a major expense for the logistics company and need to be managed carefully.
- We had to increase our prices to account for the rising freight rate charged by the railroad.
- The online calculator helped us determine the freight rate for shipping our product to customers in other countries.
- Comparing freight rates from different carriers can save a business thousands of dollars each year.