By the Marine Insurance Act, 1906, s.90, "freight" includes the profit derivable by a shipowner from the employment of his ship to carry his own goods or moveables, as well as freight payable to a third party, but does not include passage money.
freight (frat) n. Goods carried by a vessel or vehicle, especially by a commercial carrier; cargo. A burden; a load. Commercial transportation of goods. The charge for transporting goods. Also called freightage. A railway train carrying goods only. tr.v., freight·ed, freight·ing, freights. To convey commercially as cargo. To load with goods to be transported
For domestic and international shipments weighing between 151 and 2,200 pounds. Both time-definite FedEx Express services and cost-effective FedEx Freight LTL (less-than-truckload) services are available.