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Similar in concept to the groupings or grading systems used in other industries, with the NMFC, commodities are grouped into one of 18 classes—from a low of class 50 to a high of class 500. [1] Classification is based on an evaluation of four transportation characteristics: density, stowability, handling and risk or liability.
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.
Dimensional weight is representative of the weight of the package at the minimum density accepted by the freight carrier. [3] Shipping factors are not only different for imperial and metric measurements, but also for shipment mode and in some cases between different customers. Shipping factors will be available from the freight carrier.
The Federal Bridge Gross Weight Formula, also known as Bridge Formula B or the Federal Bridge Formula, is a mathematical formula in use in the United States by truck drivers and Department of Transportation (DOT) officials to determine the appropriate maximum gross weight for a commercial motor vehicle (CMV) based on axle number and spacing ...
The Commodity Classification Standards Board (CCSB) develops and maintains National Motor Freight Classification (NMFC). The CCSB is an autonomous board of three to seven full-time employees of the National Motor Freight Traffic Association (NMFTA). The CCSB's staff includes a lawyer and a packaging consultant. [1]
In the United States, the Surface Transportation Board categorizes rail carriers into Class I, Class II, and Class III based on the carrier's annual revenue. The thresholds, last adjusted for inflation in 2019, are: [4] Class I: A carrier earning revenue greater than $504,803,294; Class II: A carrier earning revenue between $40,387,772 and ...
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