A contract carrier is a transportation service that accepts people or goods from one or more shippers under an agreement for compensation, typically providing specialized services and equipment tailored to meet the unique needs of its customers.
A freight forwarder, also known as a forwarding company, acts as an intermediary between a shipper and various transportation services, facilitating the global movement of goods while managing logistics and documentation.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.