Get to know the vital terms of Logistics and Supply Chain Management.
Who charges? Typically levied by carriers or transport businesses.
Charged: Throughout the transportation route involving various carriers.
A joint rate is a single freight rate charged by various carriers for conveying a shipment along a predetermined route. It applies when many carriers convey items from their point of origin to their final destination. Instead of charging a separate cost for each stage of the travel, all carriers agree on a single rate for the entire route.
Tips: When negotiating joint rates, examine the dependability of each carrier, the effectiveness of the transit route, and any additional services provided by the carriers. Ensure that the carriers engaged understand their respective roles, liabilities, and service levels.
