A Joint Rate is a rate over a route that requires two or more carriers to transport the shipment. This type of rate is often used when shipping freight via multiple mode types, such as ship and truck. In some cases, using a Joint Rate can save on overall shipping costs when compared to booking separate rates with each carrier.
Joint Rates are sometimes also referred to as Combined Rates.
- When shipping freight via multiple mode types, using a Joint Rate can save on overall shipping costs.
- In some cases, shippers can even negotiate lower rates by booking a Joint Rate in advance.