Commodity rate
Definition
a commodity rate refers to the specific pricing or freight rate applied to the transportation of a particular commodity. It is a rate that is based on the type of commodity being shipped, considering factors such as its characteristics, handling requirements, market demand, and transportation costs. Commodity rates can vary depending on the mode of transport (such as air, sea, or land), the distance traveled, and any special services or equipment needed for the transportation of the specific commodity. These rates help determine the cost of moving goods through the supply chain and play a significant role in logistics and pricing strategies.
Oops! Something went wrong while submitting the form.
Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers
Talk to one of our supply chain experts to get started now.
Talk to an Expert
