NMFC 124720 - Worn-Out Electric Lifting Magnets | Class 70

To find the correct freight class for your shipment:

1. State on the BOL: “Worn electric lifting magnet, for rewinding — NMFC 124720, Class 70.” This avoids density disputes and reclass billing.
2. Palletize or crate rigidly; bolt through the lift lugs or use steel banding, then block the magnet face with plywood and a steel shunt plate to contain stray fields.
3. De-energize and secure all leads; cap terminals and protect the junction box. Remove loose ferrous debris so the face doesn’t pick up metal in transit.
4. Balance the center of gravity and mark heavy points for forklift operators. Use no‑stack cones if needed and request a liftgate or rigging team for pickup.

Note: All classifications are subject to Item 170. Verify with official NMFC publications for the most current requirements.

• Predictable pricing with a fixed Class 70 item—no density break simplifies quoting and auditing.
• Clear “value only for rewinding” designation reduces reweigh/reclass fees and aligns expectations for carriers and repair shops.
• Proper magnetic shielding protects nearby freight, cutting claims risk and avoiding carrier delays due to magnet interference.
• Streamlines core-return loops between mills, scrap yards, and rewind facilities, improving turnaround time and transportation planning.