The correct spelling is C. Freight.
Freights are goods that are transported through trains, buses, trucks and the like.
Words like Freight are often misspelled, particularly when arranging the letter "e" and the letter "i". People usually remember the mnemonic "I before E, except after C. " But this word is an exception, because if the sound is that of a long "a", the arrangement is "ei." Like in neighbor, weight and reign.
on the way is the verb. A verb describes something someone or something is doing.
Hope it helped!