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Freight rate. A freight rate (historically and in ship chartering simply freight[1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of ...
ups.com. Footnotes / references. [1][2][3][4][5] United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. [1] Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company [6] and one of the world's ...
LSO.com. LSO, originally known as Lone Star Overnight, is an Austin, Texas -based regional shipping carrier that focuses on Express next day delivery, utilizing both air and ground transportation in Texas, southeastern New Mexico, certain metro markets in Oklahoma, Louisiana, Arkansas, Alabama and Tennessee, as well as northern Mexico. [2]
FedEx Corporation, originally Federal Express Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. [3][4] The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from ...
Ocean container shipping market rates spiked more than 70% after the Trump Administration announced new tariffs in 2018. The off-contract spot rate to ship a 40-foot (12.19-meter) container on the ...
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