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A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck , ship , train , aircraft ), the weight of the cargo, and the distance to the delivery destination.
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It handles small package express service, heavy freight shipments and city-to-city freight shipping by private and commercial customers. Boxes up to 36" x 36" x 36" (maximum 50 pounds), suitcases, and boxed bicycles are acceptable, but numerous classes of fragile, valuable and hazardous items are not permitted.
The ship fee, including the ship rate on letters for delivery at the port of entry, were on a per letter basis, rather than weight. The United States issued its first postage stamps in 1847. Before that time, the letters' rates, dates, and origins were written by hand or sometimes in combination with a handstamp device. [1]
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The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] It is currently the only freight rate index that is issued daily, and is also the only IOSCO-compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority).
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