Unlock the world of shipping with our logistics glossary
We believe in simplifying complex language. Explore our glossary to make industry terminology simple and accessible.
We believe in simplifying complex language. Explore our glossary to make industry terminology simple and accessible
- Bill of Lading (BOL)
- Also known as a waybill, it is a legal document issued by a carrier to a shipper detailing the nature, quantity and destination of the goods being transported.
- Brokerage
- A third-party entity that connects shippers and carriers to facilitate the transportation of goods, often negotiating rates and ensuring transactions run smoothly.
- Carrier
- A company responsible for transporting goods, accountable for moving and delivering them from one point to another.
- Consignor
- The party responsible for sending the goods, also referred to as the shipper.
- Consignee
- The person or entity that receives the goods.
- Drayage
- The transportation of goods over short distances, typically between a port and a nearby facility, often carried out by truck or smaller vehicles.
- ETA (Estimated Time of Arrival)
- The expected time at which a shipment will reach its destination.
- Freight
- Goods or cargo transported by a carrier from one place to another.
- FTL (Full Truckload)
- A shipping mode in which a truck’s entire capacity is used for a single shipment, generally preferred for large loads.
- Freight Forwarder
- A company specializing in arranging the transportation and logistics of shipments on behalf of shippers, often offering services such as documentation and cargo insurance.
- Fuel Surcharge
- An additional fee applied to freight shipments to account for fluctuations in fuel prices, offsetting carriers’ increased operating costs.
- Intermodal Transport
- The use of multiple modes of transportation, such as trucks, trains and ships, to move goods from origin to destination, improving efficiency and reducing costs.
- Logistics
- The management of the flow of goods, information and resources within a transportation network to ensure efficient movement and on-time deliveries.
- LTL (Less Than Truckload)
- A shipping method used to transport smaller quantities of freight that do not fill an entire truck. Several LTL shipments are combined to optimize truck space.
- POD (Proof of Delivery)
- A document confirming delivery of the goods to the consignee, often including their signature as proof of receipt.
- Port Authority
- The body responsible for operating and managing a port, facilitating the transit of goods between different modes of transportation.
- Tariff
- A published schedule of rates, charges and conditions applicable to the transportation of goods, specifying the costs associated with specific services.
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