CargoWise ERP Glossary - Key Terms & FAQs

Our CargoWise ERP Glossary Terms provide clear, concise definitions of key terms used in CargoWise, helping users navigate the system with confidence. Along with these definitions, we've included in-depth FAQs to clarify complex concepts, ensuring you get the most out of your CargoWise solutions.

Freight Rate Management

Last updated: July 3, 2025
Logistics CargoWise
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Freight Rate Management is a CargoWise feature that allows logistics professionals to save and apply pre-negotiated freight rates for shipments. This system is critical for ensuring that consumer tariffs reflect the best possible terms and conditions, as determined by agreements with carriers or service providers. Businesses that automate the application of these rates can decrease manual errors, increase efficiency, and maintain billing uniformity across all shipments.

This technology enables businesses to track and manage various transportation rates, such as air, sea, and land freight. It also provides visibility into previous freight rates, allowing firms to analyze pricing trends and negotiate better arrangements with carriers. Freight rate management lowers administrative costs, speeds up quoting procedures, and ensures that freight charges are accurately reflected on invoices. Finally, it enhances operational efficiency and customer happiness by delivering transparent and dependable rate information.

Frequently Asked Questions

What is the purpose of freight rate management?

Freight Rate Management allows organizations to save, track, and apply negotiated rates to shipments, resulting in more accurate invoicing, fewer errors, and better pricing management.

How can freight rate management increase efficiency?

By automating rate application, it reduces manual entry, speeds up quoting, and ensures consistent invoicing, allowing logistics organizations to focus on core activities.

Can freight rate management be applied to multiple modes of transport?

Yes, this system is designed to function with a variety of modes of transportation, including air, ocean, and land freight, allowing for seamless rate control across all shipping channels.

Is freight rate management helpful in carrier negotiations?

Yes, it provides insight into past rate data, allowing organizations to examine price trends and negotiate more competitive rates with carriers.

Does freight rate management only apply to large shipments?

No, it applies to all cargo sizes, small and large, and ensures that businesses can effectively control freight rates across all shipment volumes.