What is the NMFC code 124720?
NMFC code 124720 belongs to freight group 114000 and is described as: Magnets, electric, lifting, worn out, having value only for rewinding
Class: 70
Articles in this Freight Group
| NMFC | Sub | Class | Description |
|---|---|---|---|
| 124720 | 0 | 70 | Magnets, electric, lifting, worn out, having value only for rewinding |
Related NMFC Codes
Understanding Freight Class 70
NMFC code 124720 is classified as Freight Class 70.
- Typical Density: 15-22.5 lbs/cu ft
- Common Items: Auto parts, food items, machinery
Freight class affects shipping rates - lower classes (50-85) typically have lower rates, while higher classes (150-500) have higher rates due to factors like density, stowability, handling, and liability.
Shipping Tips for NMFC 124720
- Accurate Classification: Always verify the NMFC code matches your shipment to avoid reclassification fees.
- Proper Packaging: Use appropriate packaging to protect your freight and maintain its classification.
- Documentation: Include complete and accurate descriptions on your Bill of Lading.
- Density Calculation: Measure and weigh your shipment accurately, as density affects classification.
Frequently Asked Questions
What is NMFC code 124720 used for?
NMFC code 124720 is used to classify "Magnets, electric, lifting, worn out, having value only for rewinding" for Less-Than-Truckload (LTL) shipping. This classification helps carriers determine appropriate freight rates.
How does NMFC 124720 affect my shipping costs?
With a freight class of 70, shipping costs are determined by the classification combined with weight, dimensions, distance, and other factors. Accurate classification helps avoid additional fees.
Additional Information
This information is provided for reference purposes only. Always consult the official NMFC documentation for the most up-to-date and accurate information.