Glossary
Class Rates
The rates charged by a carrier based on the classification of the freight being shipped.
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What are Class Rates?
n shipping, class rates refer to the system of categorizing freight or cargo based on various factors such as weight, dimensions, value, and the type of goods being shipped. Class rates are used to determine the transportation charges for shipping the goods from one location to another.
The classification system is usually managed by the National Motor Freight Traffic Association (NMFTA) in the United States, and it assigns each type of commodity a unique National Motor Freight Classification (NMFC) number. The NMFC number determines the freight class of the item, ranging from class 50 to class 500.
Class rates are important because they help shippers to calculate the cost of shipping their goods accurately. Generally, higher class rates correspond to higher shipping charges because they represent goods that are bulkier, more fragile, or more valuable and require special handling or equipment.
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