list.add seems to be adding a reference to the original object?

I have created a couple custom classes (NTDropDown and NTBaseFreight) which I use to store data that I retrieve from a DB. I initialize a List of NTBaseFreight and 2 lists for NTDropDown.

I can successfully use List.Add to add freights to the freights list, but as I debug the code, my 2 dropdown lists contain only 1 NTDropDown, which always has the same values as NTDropDown (I'm assuming this is a referencing problem, but what am I doing wrong)?

To give an example, on the second row, if the carrier and carrier_label were "001", "MyTruckingCompany" and I put a break on the if statement for frt_carriers, both frt_carriers and frt_modes would contain only 1 item in their list, with the values "001", "MyTruckingCompany"...the same values in NTDropDown.

Code:

List<NTDropDown> frt_carriers = new List<NTDropDown>();
List<NTDropDown> frt_modes = new List<NTDropDown>();
List<NTBaseFreight> freights = new List<NTBaseFreight>();
NTDropDown tempDropDown = new NTDropDown();
NTBaseFreight tempFreight = new NTBaseFreight();

//....Code to grab data from the DB...removed

while (myReader.Read())
{
    tempFreight = readBaseFreight((IDataRecord)myReader);

    //check if the carrier and mode are in the dropdown list (add them if not)
    tempDropDown.value = tempFreight.carrier;
    tempDropDown.label = tempFreight.carrier_label;
    if (!frt_carriers.Contains(tempDropDown)) frt_carriers.Add(tempDropDown);

    tempDropDown.value = tempFreight.mode;
    tempDropDown.label = tempFreight.mode_label;
    if (!frt_modes.Contains(tempDropDown)) frt_modes.Add(tempDropDown);

    //Add the freight to the list
    freights.Add(tempFreight);
}