What means "Freight Rate" field in Load?

The "Freight Rate" field in Load represents the agreed-upon monetary compensation for transporting a particular load from one location to another. It is a crucial element in logistics and transportation management, and here's a breakdown:

1. Definition: The "Freight Rate" is the amount of money paid by the customer or broker to the carrier (transportation company) for the transportation of goods.

2. Negotiation: Freight rates are often subject to negotiation between the shipper (customer or broker) and the carrier. The rate may vary based on factors such as distance, type of cargo, urgency, and market conditions.

3. Key Considerations: Factors influencing the freight rate include the weight and volume of the cargo, the type of trailer or truck used, any special requirements (e.g., refrigeration for perishable goods), and market demand.

4. Currency: The freight rate is specified in a particular currency and serves as a key component in calculating the overall revenue for transporting the load.