Rate Confirmation
A rate confirmation (rate con) is a document issued by a broker to a carrier that outlines the terms of a load: pickup and delivery locations, freight description, rate, accessorial rates (detention, TONU), and payment terms.
In Depth
Never dispatch a driver without a signed rate confirmation. The rate con is a binding contract. Review it carefully before signing — check that TONU and detention rates are included, that the broker is licensed, and that payment terms are acceptable (quick pay, standard net-30, etc.).
Rate confirmations should be signed before any pickup occurs. If a broker tries to change terms after loading, you have strong legal standing if you have a signed rate con.
Usage Example
Example: 'I reviewed the rate con and noticed there was no TONU clause. I called the broker and got it added before accepting.'
Related Calculators
Related Terms
Broker
A freight broker is a licensed intermediary that connects shippers who need to move freight with carriers who have available capacity. Brokers earn a commission (the spread between what shippers pay and what carriers receive).
TONU (Truck Order Not Used)
TONU is a fee paid to a carrier when a shipper cancels or fails to tender freight after a truck has been dispatched and arrives at the pickup location. It compensates the driver for time and fuel wasted.
Detention
Detention pay is compensation for time spent waiting at a shipper or receiver beyond the agreed free time, typically 2 hours. Standard detention rates range from $50–$100/hour.
Bill of Lading (BOL)
A Bill of Lading (BOL or B/L) is a legal document issued by a carrier to a shipper that serves as a receipt for cargo, a contract of carriage, and a document of title. The BOL must accompany every shipment.
Frequently Asked Questions
What should a rate confirmation include?
Load details, rate, accessorial rates (detention, TONU, layover), payment terms, broker's MC number, and carrier's MC number.