The freight rate is a price set by the transportation provider based on market demand.
Freight rates are different prices set by transportation providers based on different levels of market demand for transportation. Reflects the value and cost of transportation services. The supply and demand relationship in the transportation market determines the level of freight rates. When market demand is higher than supply, transportation providers can increase freight rates to obtain higher profits; when market supply exceeds demand, transportation providers can lower freight rates to attract more customers.