Released Value
Pricing
The reduced per-pound liability a carrier's tariff assigns to freight in exchange for the base rate — the default when no higher value is declared or insured.
Detailed Explanation
LTL rules tariffs release most freight to a per-pound limit — commonly $1–$25 per pound for new goods depending on carrier and freight class, and about $0.10 per pound for used goods, with per-shipment caps. Discounted spot or FAK pricing often carries even lower released values. If freight is worth more than its released value, the difference is unprotected unless full-value coverage is added.
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Cargo InsuranceInsurance that covers loss or damage to goods during transit. Distinct from carrier liability, which is the carrier's tariff-limited responsibility (often a per-pound amount far below the cargo's value); cargo insurance protects the declared value of the goods themselves.Declared ValueThe dollar value a shipper states for their freight, used to set carrier liability or purchase full-value coverage.Freight ClassA standardized classification system (classes 50-500) used to categorize LTL freight based on density, stowability, handling, and liability.