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TeachMeFinance.com - explain Freight Freight -- 1. All merchandise, goods, products, or commodities shipped by rail, air, road, or water, other than baggage, express mail, or regular mail. 2. The compensation paid for the transport of goods. historic definition... Freight -- Goods or materials transported by a carrying company. The term is also sometimes applied to the charges imposed for transporting the goods or materials. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.