Freight Class: What Is It and Why Is It Important?
If you're in the shipping industry, you've probably heard of freight class. But what is freight class and why is it important? Freight class is a way of categorizing and pricing cargo goods for shipping purposes. It's based on four characteristics: density, stowability, handling, and liability. Knowing and understanding the freight class of goods you're shipping can help you make sure you're getting the best rate and the most accurate cost estimate.
What Is Freight Class Based On?
The freight class of a shipment is based on four characteristics. The first is density, which is the weight per unit of volume. The higher the density, the lower the freight class and the lower the cost. The second is stowability, which is the ease with which the goods can be stacked and stored. The third is handling, which is how easily the goods can be handled and moved around. The final characteristic is liability, which is the risk of loss or damage for the goods during shipping.
How Is Freight Class Calculated?
The freight class of a shipment is determined by the National Motor Freight Classification (NMFC). The NMFC is a standard used to categorize and price different types of goods for shipping. It includes 18 different classes, ranging from class 50 (the lowest class and least expensive) to class 500 (the highest class and most expensive).
How do I figure out my NMFC?
To figure out your goods’ NMFC, you need to weigh the goods and measure their density, stowability, handling, and liability. Each of these factors is then assigned a point value. These point values are then added together to determine the freight class. It is important to note that the NMFC is a standard and can change periodically, so it’s important to check for updates to ensure you are using the most current classification. Additionally, you can contact the Freight Classification Rating Bureau for more guidance on how to determine your NMFC.
What happens if the NMFC of my shipment is wrong?
If you use the wrong NMFC when shipping, you could end up paying more than you should. This is because the wrong NMFC can lead to an incorrect freight rate and could result in the shipment being classified incorrectly, which could result in extra charges or delays. Additionally, an incorrect NMFC could lead to a shipment being classified as hazardous, which could result in additional fees and paperwork. In order to avoid these issues, it is important to make sure that you use the correct NMFC for your shipment. By understanding the NMFC and using the correct classification, you can ensure that you avoid costly mistakes and get the most accurate cost estimate for your shipment.
If you're unsure of what your freight class is, Moto can help. Our team of experienced shipping professionals can help you determine the correct freight class for your shipment and provide guidance on how to properly classify your goods. With our knowledge and expertise, you can avoid costly mistakes and ensure that you get an accurate cost estimate for your shipment.