|
Accessorial Fee- Fees
that are charged for any services that go above and
beyond the standard transportation services provided
by the carrier. Examples of these fees include charges
for residential pick-ups or lift gate services.
Bill of Lading (BOL)- Document issued
by the carrier describing the terms of the shipment.
Information on the BOL includes the names and addresses
of both shipping and receiving parties, but also a description
of the freight being shipped. The form also holds the
terms of the shipment and acts as a receipt, proving
that the stated goods have been delivered. When shipping
through a freight broker, ALWAYS use the BOL issued
by the freight broker to ensure that you are only charged
the discounted price stated by the broker.
Common Carrier- A transportation company
that transports people or goods on designated routes
at published rates.
Common Freight- Items or goods to be
shipped, typically by a freight carrier. Items shipped
by freight carriers normally weight 150 pounds or more.
Detention Fee- Fees charged by carrier
for holding shipped cargo or containers for time past
a specified pick-up date. Typically, persons receiving
freight have about 7 days to pick up the freight if
picking up the freight from the carrier.
Dimensional Weight- Technique of charging
for freight that is large in size, but low in weight.
The formula is Length x Height x Weight / Factor between
166 and 250 (determined by freight carrier).
Dispatch- To coordinate the movement
of freight from origin to destination.
Flatbed- Trailer used for transporting
goods having no sides. Flatbeds are typically used for
shipping items that are too large to fit within a standard
trailer.
Freight All Kinds (FAK)- Various items
that are shipped together, but can be shipped under
the same freight classification.
Freight Broker- Company that matches
the shipping needs of an individual or company to the
services of a freight carrier that can best handle those
needs. These brokers use the volume of business they
receive to negotiate large discounts with the freight
carriers, in which, they pass along their customers.
Freight Forwarder- Company that facilitates
the movement of goods between a shipper and a freight
carrier.
Freight Quote- A preliminary cost estimate
for a particular freight shipment, normally based off
limited information.
Full Truckload (FTL)- Shipping with
a truck at its full capacity, or at a level in which
the freight carrier provides a truckload rate.
Hazardous Material- An item that can
be dangerous to ship. The item must be shipped in a
way that meets the rules and standards of the Department
of Transportation.
Intermodal Container- Standardized
freight shipping containers that can be used for all
modes of transportation, including sea, train, and motor
freight. Are generally 20 or 40 feet long.
Interline Freight- Freight moving through
territories in which more than one freight carrier must
be used to transport it.
Less Than Truckload (LTL)- Shipping
of items that are too large to be considered parcel
shipments (150lbs +) and too small to be considered
a full truckload.
Lift gate- Machine at the rear of the
truck used for loading and unloading freight. Usually
used for items that are too large to be lifted by hand.
Reefer Trailer- A refrigerated trailer
used for shipping temperature sensitive items.
Supply Chain- The life cycle of a product
from raw material stage until it reaches the hands of
the end-user. All stages of the supply chain should
add value to the product.
Third Party Logistics (3PL)- Company
that uses its vast logistics resources to outsource
and coordinate logistics services for individuals and
businesses.
Transit Time- Time taken for a shipped
item to travel from its point of origin to its final
destination.
Volume Shipping- Alternative shipping
rate typically used for LTL items that are of a high
density.
|