Rate Confirmation
A document that serves as the binding agreement between a carrier (or driver) and a broker or shipper for a specific load. It details the pickup and delivery locations, dates, freight description, rate, payment terms, and any special requirements. The rate confirmation must be signed by the carrier before the load is dispatched and serves as proof of the agreed-upon terms.
Detailed Explanation
A document that serves as the binding agreement between a carrier (or driver) and a broker or shipper for a specific load. It details the pickup and delivery locations, dates, freight description, rate, payment terms, and any special requirements. The rate confirmation must be signed by the carrier before the load is dispatched and serves as proof of the agreed-upon terms.
Example
A broker emails a rate confirmation to a carrier offering $2,800 all-in for a dry van load from Memphis to Charlotte, with pickup on Monday and delivery by Wednesday. The carrier signs and returns it to secure the load.
Related Resources
Need Help With Your Freight?
Understanding freight terminology is the first step. Let us handle the rest — tell us about your shipment and we will match you with the right carrier.