Please enable JavaScript.
Coggle requires JavaScript to display documents.
Transport Economics - Coggle Diagram
Transport Economics
Rate determination
Rate
Three factors
Weight
Distance
Product
Fare
Commodity Rate
Class Rate System
Simplify three factors
National Motor Freight Classification (NMFC)
Simplify Rate Determination
Determine factors product’s freight classification
Stowability
commodity packaging
commodity’s ability to be loaded with hazardous materials
Ease of handling
challenges to handling
Density
Heavy Product relation with size
Liability to damage and theft
commodity’s propensity to damage
Documentation
Freight bill
Internal audits
External audits
Freight claims
a carrier of wrong or defective
Concealed loss or damage difficult
Bill of lading
Straight bill of lading (white paper)
Order bill of lading (yellow paper)
Model and Carrier Selection
Determine appropriate mode(s)
Select carrier(s) within the chosen mode(s)