The logistics industry can feel like a collection of acronyms if you aren’t aware of all the terminologies used in transportation. With the knowledge of these key definitions, any logistics professional is well prepared to make exact choices that aid your customers and ultimately your business reach and success.
What are the terminologies used in transportation?
Agent – An individual who handles the business on behalf of another company or individual with limited or complete authority.
Adjustments – They are the expenses incurred after the shipment is delivered. They could be the difference between the freight features quoted earlier and the final delivered shipment details about their weight, types, and proportions or any other extra services.
Axle Load – This refers to the weight of the axle put on the highways.
Bill of Lading (BOL) – It is the legal contract between the carrier and the shipping company, broker, or agent that outlines all characteristics of the freight shipping plan.
Blocking and bracing – It implies to all the supports employed to keep the shipment goods properly on trailers or in containers during transportation. It is best employed by skilled and experienced shippers for the safe delivery of goods.
Blind Shipment – This is a scenario where the shipper and receiver are not aware of each other. Here, the Bill of lading provides all the details of the paying party in the form of a shipper or receiver.
Brokerage License – It is a legal document that should be present with the broker to make freight shipping arrangements via different modes of shipping.
Bulk Freight – It refers to the freight that is not packed in the containers. It could be in the form of a solid or liquid whole form like crude oil, sand, etc.
Classification – Every freight is classified as different types of shipments for differentiating different transportation costs. This freight classification is employed for quantities of less than truckload shipments (LTL).
Cartage – This is a type of shipping freight that is transported within the same locality or city.
Chassis – This is a common term that implies the frame of wheels and locking strategies to protect the trailer or container during the shipping process.
Concealed Damage – This is the damage that is only seen after the package is opened.
Consignee – This is a person who is commercially accountable for receiving the shipment and the receipt details of the shipment.
Customs Broker– This a person who is given license by the U.S. Treasury Department to act for freight importing and export companies adhering to U.S. Customs transactions.
Consignor – It is the person who is accountable for sending the materials to the consignee and he is considered as legal owner till the payment is fully completed.
Consolidation – When two or more shipments are joined together to get monetary benefits on the overall freight shipping charges.
Exceptions – This is mentioned in the Bill of Lading before it is signed when there is an issue like damage or shortage of items. It labels that there was a problem with the shipment.
Gross Vehicle Weight Rating – This refers to the maximum operating weight of the vehicle as mentioned by the manufacturer. It includes all the aspects like driver, engine, fuels, entire body, chassis, cargo but excludes the weight of the container.
Interline: It implies the process where the primary carrier of the shipment transfers the shipment to another carrier before reaching the final destination.
Inbound Freight – This is an essential aspect of supply chain referring to the shipments arriving from vendors.
Intermodal Transportation – When the shipping process is done using two or more modes of transportation it is called intermodal. Shipping may include shipments carried between, truck and rail shipments but also includes truck to air or truck to ships in case of overseas shipping service.
Motor property broker – This individual has all the knowledge and contacts in the industry and will understand all the client requirements. He will use his expertise to speak to a carrier who meets the client’s needs and negotiates the overall shipping rate with them.
Motor Carrier – It refers to an individual who provides motor vehicle transportation.
Nested – This word refers to the materials that are kept in such a way that one item goes inside other. It is generally used in less than Truckload (LTL) shipping and reduces the total space occupied by the overall freight items.
Tariff – This is the total charge and contract details pf a freight shipment for the shipper and carrier.
Through Rate – This is the rate that is applied to the distance between the starting point and the final destination.
Time-critical: This type of freight delivery is done with a time constraint factor and the earliest possible delivery time.
Time-Definite – This type of freight shipping delivery that guarantees delivery on a specific time of the day or a particular day.
Transit Time – It refers to the total amount of time from the goods being picked up to the point of delivery.
Truckload (TL) – Truckload shipping is the shipping of goods that are filled by a large trailer or container. This type of shipping is usually carried out to a customer who needs the space of the whole container to be filled with his materials. Truckload shipping is best suited for a company that has a large number of freight pallets and LTL shipping isn’t efficient. Refrigerated or dry truck vans are examples of such types of shipping.
Volume Rate – If the shipment is less than truckload (LTL), then a term volume rate is required to measure the loads.
Warehouse: This implies the storage of goods in a specific space for a particular amount of time. All types of goods and materials are generally stored at the warehouses to point where they are ready to be shipped.
If you are searching for any type of freight transportation services, contact Corlett Express. We provide quick, secured, and risk-free service to all areas of Utah and solve your specific logistical needs.