We’ve put all of our shipping & logistics knowledge to good use by compiling this comprehensive glossary of terms commonly used in the industry. Whether you’re a newbie in the field looking to learn the lingo or whether you’re a veteran seeking to brush up on the very latest terminology, the following list from NHFS should be your go-to resource from here on out. Make sure to give it read, and then read it again just for good measure!
Before delving into all of the terms used in the field of shipping & logistics, it’s probably best to cover the biggest question of all: what actually is shipping & logistics? In order to answer that question, you first have to separate the two. Shipping is the physical movement of goods, whereas logistics refers to the handling of supplies.
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When combined, the logistics side of the team will ensure that products are in the right place, at the time for them be shipped off, and the shipping department will then set about the task of getting the product where it needs to go. Keep reading the blog as we reveal 9 shipping & logistics terms you’re going to need to know if you’re to succeed in this field.
This is a term which refers to products or services that are in need of more than just standard dock-to-dock transportation. Accessorials commonly require inside pickup/delivery.
Rail shipping term used to describe a wheeled frame on which containers are mounted. More often than not, bogies are used for over-the-road transportation.
Trucking terminology that simply refers to local shipping. If a product or freight is headed to a location in the same city or area of its distribution, it is cartage.
An embargo is a situation, rule, or event that prevents a freight from reaching its intended destination. International conflict often ends up creating this kind of problem: when one country’s laws prevent the acceptance or even handling of the goods on their soil, an embargo is caused.
In order to adhere to safety regulations, all shipping vehicles need a maximum operating weight imposed on them. The Gross Vehicle Weight Rating refers to that weight (it is the sum total of the driver, the vehicle, and the cargo).
Inbound freight is an essential component in the supply chain. Inbound freights refer to all vendor shipments that are due to arrive at that time.
An individual (related to the business or otherwise) who has provided motor transportation in exchange for compensation is a Motor Carrier.
A situation in which materials are stacked strategically (typically inside of one another) to create more space.
This term refers to product storage. As its name suggests, typically, this describes the action of storing goods in a warehouse for a pre-agreed-upon period of time.
Now you know everything this is to know about shipping & logistics, you can go and deliver the best service possible. New Horizon Freight Solutions is always here to shed some light on your freight and shipping concerns. Reach out to us now to learn out more about us or the services we provide.
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