This transaction set enables motor carriers and freight brokers to submit updated rate information for transportation services. A carrier or third-party logistics provider sends this document to a shipper, broker, or freight exchange platform to communicate current pricing and terms. The VR (Rate Origin) segment identifies the entity providing the rates, while the G62 (Date/Time) segment establishes when those rates become effective. The RT (Rate Destination) and RT1 (Rate Detail) segments, organized within the RT Loop, specify the geographic lanes, service types, and corresponding pricing applicable to each route or service level.

For example, ArtBox Transportation, a regional carrier based in Ohio, sends a Vehicle Carrier Rate Update to FreightBridge, a digital freight marketplace. The document includes rate origin information identifying ArtBox, an effective date of the new rates (captured in G62), and multiple rate records showing updated prices for lanes like Columbus to Atlanta at $2.10 per mile for standard service and Chicago to Memphis at $2.35 per mile for expedited service. FreightBridge receives the update, loads the new rates into their system, and customers can immediately access ArtBox’s current pricing when requesting quotes for shipments on those routes.