freight

(redirected from freights)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

Freight

The price or compensation paid for the transportation of goods by a carrier. Freight is also applied to the goods transported by such carriers.

The liability of a carrier for freight damaged, lost, or destroyed during shipment is determined by contract, statute, or Tort Law.

The responsibility for the payment of freight is a subject of a term of a sales contract between the buyer and seller of the goods to be shipped. When a contract contains a c.f. & i. provision, the buyer accepts liability for paying the cost of freight in addition to the costs of the goods and insurance on them.

freight

the amount payable by a charterer or shipper to a shipowner for the letting of the ship or space therein for the carriage of goods by sea. Advance freight is payable to a shipowner on the signing of a bill of lading or on shipment instead of on delivery of the goods; such freight is not normally returnable in the event of the ship or the goods being lost before the start of the voyage.
References in periodicals archive ?
The rail freight transportation market consists of sales of rail freight transportation services by entities (organizations, sole traders and partnerships) that provide the carriage of goods from a point of loading, or goods station, to a point of unloading, again a station capable of handling the loading and unloading of the goods carried.
Asia Pacific was the largest region in the global rail freight market, accounting for 37% of the market in 2018.
The freight class calculator can be implemented on any website by simply copying and pasting HTML code into any page.
In the realm of human resources, the respondents highlighted a need for transportation professionals to have greater access to knowledge of data sources and freight trends and issues.
Based on survey results from State DOT and FHWA division office personnel, the following steps are critical in addressing the rapidly increasing volume of freight traffic on the Nation's roadways and establishing State-level freight coordinator positions to develop and implement necessary solutions:
As part of the freight shipment rating and quoting process, freight classification plays an important role in determining the final cost of shipping.
The freight class calculator is free to use and its size can be adjusted to fit on most webpages.