In transportation and logistics, a joint rate refers to a unified charge applied to shipping multiple goods or products within a single consignment. This consolidated rate simplifies the billing process when different items are transported together. Joint rates are commonly used in the shipping industry, where multiple products from various shippers are transported on the same vessel or vehicle. It involves a uniform freight rate or a single rate paid for transporting goods by two or more carriers over the same route, often using multiple modes of transport, such as sea and rail. Shippers benefit from joint rates as they provide a cost-effective and convenient way to consolidate freight charges, enabling easier calculation and management of transportation expenses across different modes and potentially securing lower rates by booking early.