A back haul refers to the shipper's movement when returning over a route previously used, often optimizing logistical efficiency by having cargo for both legs of the journey.
Cargo refers to freight or merchandise transported on a transportation vehicle, such as a ship, airplane, truck, or train, excluding passengers. It covers a broad range of goods, from raw materials to finished products, playing a crucial role in global trade and logistics.
An entity engaged in the business of providing transportation services for passengers or cargo. Carriers can operate across various modes of transportation including air, sea, road, and rail.
A container ship is a type of vessel specifically designed for the transportation of cargo packed into large, standardized containers. It revolutionizes the shipping industry by allowing for efficient and flexible movement of goods.
In the context of transportation, 'deadhead' refers to the act of moving a piece of transportation equipment, such as a bus, train, or truck, when it is not carrying a paying load (either people or freight). It also extends to describe a nonpaid trip or someone who uses a service without paying.
FedEx Corporation, originally known as Federal Express, is a multinational delivery services company known for revolutionizing logistics and overnight shipping.
In the context of shipping, 'forward' refers to the act of sending a package or goods from one location to another. This often involves redirecting items to a new address when the original address is not suitable for delivery.
Free In and Out (FIO) denotes a selling price that includes all costs associated with loading goods into a container, road vehicle, ship, etc., and unloading them out of the transport.
House to house transportation refers to the seamless logistics service that facilitates the movement of goods directly from the shipper's location to the receiver's location without intermediate handling.
In transportation, a published fare or shipping rate that includes the cost of two or more carriers (such as airlines or railroads) required to reach the destination sought.
Payload refers to the cargo or freight that produces revenue or income, typically measured by weight. It encompasses merchandise transported by carriers for profit, including returned merchandise that does not result in additional trips.
Pier to house shipping refers to the transportation of goods from the storage location at the shipping port directly to the consignee's specified location, typically their home or business.
A public carrier, often referred to as a common carrier, is an individual or business that advertises to the public for the transportation of goods or passengers for a fee.
Reconsign refers to the process of changing the destination or consignee of freight while it is in transit. This often occurs to accommodate changes in supply chains or to correct delivery errors.
In the context of transportation, rolling stock refers to vehicles that move on wheels and are used for the conveyance of goods or passengers. This term is primarily associated with the railroad industry but also broadly covers commercial vehicles like trucks and tractor-trailers.
Tare weight refers to the weight of an empty container, such as an empty truck or packing material, and is used in logistics to measure the net weight of goods.
A truckload (TL) refers to a quantity of cargo that fills a truck to its maximum capacity, typically utilized in logistics and transportation for the efficient and cost-effective movement of goods.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.