Mileage Rate
A mileage rate is a cost-per-mile charge applied to transportation services. This rate is used to calculate the total freight cost based on the distance traveled, providing a straightforward method for pricing transportation services.
Related glossary terms
Drayage
Drayage is the short-distance trucking of ocean containers between ports, rail yards, and warehouses. Learn how rates are set, chassis fees, and dwell risks.
Full Truckload (FTL)
Full Truckload (FTL) is a shipping method where one shipment occupies an entire truck, offering faster transit and less handling than less-than-truckload…
Freight Bill
Freight Bill is a carrier-issued invoice to the shipper detailing all transportation charges, including origin, destination, weight, dimensions, and applicable…
Fuel Surcharge (FSC)
Fuel Surcharge (FSC) is an extra fee added to base freight charges to offset carrier fuel price fluctuations, calculated as a percentage of freight cost or…
