joint rate

Definition of "joint rate"
  1. The unified cost applied by multiple transport providers when delivering a load of goods across a certain path
How to use "joint rate" in a sentence
  1. To ship the machinery to the remote location, the companies agreed on a joint rate.
  2. Their joint rate made the delivery relatively affordable considering the distance and complexity of the route.
  3. Since the shipment needed to go through several cities, a joint rate was discussed between the various carriers.

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