An organization known as the National Motor Freight Traffic Association (NMFTA) publishes a list of freight class designations, codes, and subclasses for many commonly shipped commodities (https://classit.nmfta.org/). You must pay a subscription fee to view this list. For more information about freight classes for free on our freight classes pages.
Freight class 50 is the least expensive because it refers to the freight that is easiest to transport for the carriers.
No. While density is one of the primary factors in determining NMFC freight class, other factors, such as value, are also used in making that determination. Gold bars, for example, are very dense, but they fall into shipping class 500 along with very low-density items because of their high value.