freight rate

Freight rate is the cost charged to transport goods from one location to another. It depends on various factors such as the type and weight of the cargo, distance, mode of transport (ship, plane, truck), and current market conditions. Essentially, it's the price you pay for shipping services, reflecting the expenses and logistics involved in moving products efficiently. Higher-value or heavier items generally incur higher rates, while longer distances or special handling requirements can also increase costs. Freight rates are essential for businesses to plan their logistics and pricing strategies effectively.