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GLOSSARY

Mileage Rate

The cost per mile charged by trucking companies for transporting goods.
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What is Mileage Rate?

Mileage rate, also known as per-mile rate or line-haul rate, is a pricing method commonly used to determine the cost of transporting goods based on the distance traveled. The mileage rate is calculated by multiplying the number of miles traveled by a truck or carrier with a specific rate per mile. The rate would be the agreed upon charge by the shipper and carrier. This rate forms the basis of the freight charges for the transportation service provided. 

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