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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.
Shipping companies charge surcharges for the freight costs, and a fee is also charged for the use of the flat rack itself, these costs are included in the freight rate. Flat racks, open top containers and reefer containers are also called special equipment, as the shipping rate are higher than those of standard containers. The empty flat racks ...
WTI was founded in 1989 under the name Welborn Transportation by owners, Stephen Rumsey and Miller Welborn whose fleet of 12 flatbed owner operators hauled freight throughout the Southeast. [2] In December 1997, Boyd Bros. Transportation merged with Welborn Transportation and later changed the Welborn name to WTI Transport, Inc. [ 3 ]
Smokey Point also offers a significant asset light trucking brokerage service. [41] E. W. Wylie – Founded in 1938, specializing in high-value and over-dimensional freight with their fleet of flatbed and step-deck trailers. [41] J. Grady Randolph – Founded in 1935, specializing in carrying over-dimensional flatbed cargo. [4] [41]
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).
Homebuyers enjoyed a historical anomaly throughout most of 2020 and 2021, when mortgage rates remained below 3% for an extended period of time. Those who were quick on the draw snagged some of the...
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