Freight: Meaning and definition

Freight refers to the charges or fees associated with transportation services provided by carriers, such as shipping companies, airlines, trucking companies, or railways. The volume or weight of the cargo, distance travelled, mode of transportation, nature of goods (such as hazardous materials requiring special handling), any additional services necessary (insurance or customs clearance), and market conditions are some of the variables that impact freight charges. By providing the essential infrastructure and services to carry products effectively and economically, the freight industry plays a crucial part in supporting international trade and commerce.