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freight (n.)

early 15c. "transporting of goods and passengers by water," variant of fraght, which is from Middle Dutch or Middle Low German vracht, vrecht (see fraught). Danish fragt, Swedish frakt apparently also are from Dutch or Frisian. Also from Low German are Portuguese frete, Spanish flete, and French fret, which might have changed the vowel in this variant of the English word. Meaning "cargo of a ship" is from c. 1500. Freight-train is from 1841.

freight (v.)

"to load (a ship) with goods or merchandise for shipment," mid-15c. variant of Middle English fraught (v.) "to load (a ship)," c. 1400; see fraught, and compare freight (n.). Figuratively, "to carry or transport," 1530s. Related: Freighted; freighting.

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Definitions of freight from WordNet
1
freight (n.)
goods carried by a large vehicle;
freight (n.)
transporting goods commercially at rates cheaper than express rates;
Synonyms: freightage
freight (n.)
the charge for transporting something by common carrier;
the freight rate is usually cheaper
we pay the freight
Synonyms: freightage / freight rate
2
freight (v.)
transport commercially as cargo;
freight (v.)
load with goods for transportation;
From wordnet.princeton.edu