What is a rate confirmation?

What is a rate confirmation?

A rate confirmation is an agreement of pay between the freight broker and carrier that is legally binding. A freight broker must provide a rate confirmation for the carrier to sign before proceeding. The rate confirmation portion may be included in the load tender form or included on a separate sheet.

How do you write a rate confirmation?

What does a rate confirmation look like?

Who gets a copy of the rate confirmation?

Am I entitled to copies of the invoices or rate confirmation sheets for loads I haul? If you’re paid a percentage of revenue, you’re entitled to copies of the invoices to the carrier’s customers or a computerized document containing what normally appears on an invoice.

What is a rate confirmation and why is it important during the booking process?

The freight rate confirmation is an agreement between the shipper, third-party provider, if present, and carrier that details the shipment rates. All brokers must provide rate confirmations to carriers before pick-up. That critical function helps to avoid surprises in billing.