Etymology:
"Freightage" comes from the Middle English word "fraght," which in turn comes from the Old French word "frait," meaning "cargo" or "freight." The word "freight" itself is derived from the Middle Dutch word "vrach," meaning "burden" or "load."
Meaning:
Freightage refers to the charges incurred for transporting goods or cargo by a carrier, typically by sea, land, or air. It includes the cost of transporting the goods, as well as any additional fees or surcharges.
Origin:
The concept of freightage has existed for centuries, as trade and transportation have played a vital role in human history. Freightage charges were initially calculated based on the weight or volume of the goods being transported. Over time, as transportation methods evolved and became more complex, so did the associated freightage rates.
Today, freightage charges are determined by a variety of factors, including:
Freightage charges are a significant component of the cost of goods, and optimizing freightage management is essential for businesses to minimize transportation expenses and maximize profits.
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