TLMT312 WEEK 4 FORUM Assignment Example | Topics and Well Written Essays - 250 words

TLMT312 WEEK 4 FORUM - Assignment Example There is a distinction between rates and rating. Rate is the price per hundred weights to move an individual product between two locations. It is listed on pricing sheets or tariffs. Various products in different classes are charged different rates. Rate is determined by weight and size of the product. Rating involves determining the appropriate, legal, economical rates and routes for the transportation of foreign and domestic freight through any or all modes of transportation. These determinations are made according to published classification, tariff, and tariff routings. Rating also includes development of narratives and exhibit materials and similar information to be used by others to negotiate and requested rates. In addition, it may also include preparation of materials concerning rate matters in cases to be presented to representatives of the carriers, regulatory bodies, and the courts. The goal of the assessment is to establish the appropriateness of classification, routes, rates and carriers’ actions (Gianpaolo & Laporte, 2004). Classification and rate depend on the grade. Rating determines the appropriateness of classification and rates. Once products are shipped they must be classified for various reasons. Classification helps to determine the rates for each