The Relationship Between Freight Rate and Shipping Cost: Key Connections and Market Impacts

The Relationship Between Freight Rate and Shipping Cost: Key Connections and Market Impacts

This article explores the definitions of freight rates and shipping costs and their interrelationship. It indicates that the freight rate represents the price of transportation labor, which directly influences the supply and demand dynamics of the shipping market. In contrast, the shipping cost is the compensation paid by the shipper to the carrier for completing the transportation of goods. The calculation of shipping costs relies on the product of freight rates and transportation volume.

07/21/2025 Logistics Encyclopedia
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Bill of Lading Operation Process Explained: Key Steps from Shipping to Bill Exchange

Bill of Lading Operation Process Explained: Key Steps from Shipping to Bill Exchange

This article delves into the operations of bills of lading, highlighting the differences between original and electronic releases, and the relationships among freight forwarders, shippers, shipping companies, and destination port agents. It particularly focuses on the distinctions between direct bills and freight forwarder bills, aiding readers in clarifying the key stages in the bill of lading process, thereby enhancing efficiency and accuracy in shipping.

07/16/2025 Logistics Encyclopedia
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Guide to SWIFT Transfers for Stopanska Banka AD Bitola

Guide to SWIFT Transfers for Stopanska Banka AD Bitola

The SWIFT code for Stopanska Banka AD Bitola, North Macedonia is STBBMK22XXX. Always verify the branch code and pay close attention to details such as recipient information and currency to ensure a successful cross-border money transfer. Double-checking these details can prevent delays or complications in your international transaction.

09/03/2025 International Settlement
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Fed Keeps Rates Unchanged Amid Trade Uncertainty

Fed Keeps Rates Unchanged Amid Trade Uncertainty

The Federal Reserve has paused interest rate hikes again, keeping the federal funds rate unchanged, mainly due to economic uncertainty. Ongoing trade friction exacerbates supply chain risks and poses challenges to inflation control. The future direction of interest rate policy depends on factors such as inflation data and trade policies. The US economy continues to face uncertainty.

01/07/2026 Logistics Industry Insights
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Southern Commercial Bank Explains SWIFT Code Uses

Southern Commercial Bank Explains SWIFT Code Uses

This article provides a detailed overview of the SWIFT code for Southern Commercial Bank in Suriname and its applications. It emphasizes the significance of this code for customers involved in international transfers and foreign currency transactions. The article also offers relevant banking information to ensure the accuracy and security of these transactions.

09/08/2025 International Settlement
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