# Freight rate

*Last updated: 2026-06-22*

> A freight rate is the price a carrier charges for transporting goods over a defined route, expressed per unit of measurement such as tonne, cubic metre, pallet, or TEU.

A freight rate is the price a carrier charges for transporting goods over a defined route, expressed per unit of measurement such as tonne, cubic metre, pallet, or TEU. Shipping lines, airlines, and road hauliers set rates based on distance, transport mode, commodity type, seasonality, and prevailing supply-and-demand conditions. Fuel surcharges (BAF or FSC), terminal handling charges, and other accessorial fees are typically itemised separately, meaning the all-in cost can differ substantially from the base rate. Shippers and forwarders distinguish between spot rates—negotiated at current market levels—and contract rates fixed for an agreed period. Contract rates provide cost predictability but lock the shipper out of any subsequent market-rate decreases.

**Source:** [https://en.wikipedia.org/wiki/Freight_rate](https://en.wikipedia.org/wiki/Freight_rate)

## Quick Facts

| Property | Value |
|---|---|
| Term | Freight rate |
| Language | EN |
| Word count | 109 |
| Last updated | 2026-06-22 |
| Source | https://en.wikipedia.org/wiki/Freight_rate |

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