This map of shipping routes illustrates the relative density of commercial shipping in the world's oceans. Freight transport is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea, but in American ... "Logistics", a term borrowed from the military environment, is also ...
Common freight transportation, trucking & logistics terminology & definitions! ... Agent - A person who transacts business on behalf of another person or company with ... Back Haul - The return trip of a truck transporting cargo or freight. ... Beneficial Owner - This is a legal term where specific property rights belong to a person ...
ABC Classification: Classification of a group of items in decreasing order of annual dollar ... Acceptable Sampling Plan: In quality management, a specific plan that indicates .... Air Carrier: An enterprise that offers transportation service via air.
Our team of experts has compiled a list of definitions of transportation industry terms to help. ... to decode the specialized vernacular of the Transportation Industry is tough. ... logistics company to whom a firm outsources part or all logistics services. a ... Commodity, Article of commerce (goods, merchandise) that is shipped.
Dec 19, 2013 ... The same is true in transportation terminology and logistics. ... Broker (freight): Individual or company that serves as a liaison between another ... Carrier: Utilizes trucks and/or trailers to move goods from point A to point B. ... Dedicated Truck: Refers to a driver pulling freight for one specific customer only, ...
Please note: The International Warehouse Logistics Association (IWLA) does not ... Specific bars to be used in setting ABC levels will vary by organization as they will impact the financial ... Items are typically divided by a company defined set ofvalues into “A”,“B” and ..... Air Cargo: Freight that is moved by air transportation.
Ocean transportation term meaning price stated includes cost of goods and ... Individual, partnership or company in the business of transporting goods or .... Also called Delivery Orders, these documents provide specific information to a carrier ...
Apr 3, 2017 ... Here are the essential global logistics terms you need to know to understand the ... costs associated with transportation, duties and taxes, insurance, handling fees , etc. ... A consignee is the entity that the shipper is sending the goods too. ... The term “Incoterms” is short for International Commercial Terms.
Feb 7, 2014 ... It is the activity that physically connects the business to its supply chain ... This chapter illustrates the role of transportation in the logistics function, the supply ... By moving goods from locations where they are sourced to locations where ... Throughout the text, we feature important terms and concepts that are ...