Joint Rate Definition:
A joint rate is a uniform freight rate or a single rate paid for transporting goods by two or more carriers over the same route. It involves using multiple modes of transport, such as sea and rail.
A joint rate is a cost-effective and convenient way for shippers to consolidate freight charges for intermodal shipping. With joint rates, it becomes easier to calculate and manage transportation expenses across different transportation modes. Shippers may negotiate lower rates by booking a joint rate early, thus saving on overall shipping costs.
