A lump sum freight agreement is a transport contract in which carrier and shipper agree on a single, predetermined price for a clearly defined shipment, with no subsequent adjustment for actual weight, volume, or transit time.
Source: https://www.supplychaindigital.com/definition/lump-sum-payment-freight-agreements
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.