Joint Rate Agreements
Joint Rate Agreements are freight pricing arrangements in which two or more carriers agree to offer a combined rate for cargo transportation. These agreements are often arranged to simplify multi-leg shipments and give shippers a single, low-cost freight rate rather than separate payments for each carrier. In practice, this technique enables shipments to flow seamlessly across many modes or carrier networks under a single aggregated arrangement, minimizing administrative headache and total transport costs.
Joint Rate Agreements can be linked into CargoWise’s pricing and quoting modules, allowing logistics firms to effectively manage multi-carrier prices. This service allows users to access pre-negotiated rates, ensure pricing consistency, and provide customers with more competitive bids. The technology automates rate application across all carriers engaged in a cargo, reducing errors and speeding up the quote-to-booking process. This feature improves carrier collaboration, streamlines operations, and enables better financial planning for international and domestic transfers.