Maximum freight volume or weight a vehicle can physically transport, regardless of legal restrictions. Safety and regulatory limits typically prevent reaching this theoretical maximum.
Additional fees beyond the basic freight rate for extra services provided during transport. These can include detention, layover fees, fuel surcharges, or special equipment requirements.
Document outlining all potential additional service charges for freight movement. Serves as reference for both carrier and shipper expectations.
Business strategy focused on expanding services provided to existing customers. More cost-effective than new customer acquisition in mature markets.
Application of artificial intelligence technologies in transportation and logistics operations. Includes machine learning for predictive analytics, natural language processing for communication automation, computer vision for freight inspection, and decision intelligence for optimal routing and capacity matching.
A suspension system in trucks that uses air-filled bags instead of conventional steel springs. This provides a smoother ride and better protection for sensitive cargo.
Use of mathematical models and algorithms to optimize carrier selection and rate negotiation. Replaces traditional RFP processes with continuous optimization based on current market conditions and carrier performance metrics.
Transportation management approach using data science and predictive modeling to optimize routing, capacity, and pricing. Increasingly essential for competitive advantage.
Logistics company offering less-than-truckload, truckload, and supply chain services. Parent company of ABF Freight, one of North America's oldest LTL carriers.
Rapidly growing freight brokerage known for technology investment and customer service focus. Popular employer for new entrants to the logistics industry.
A free cloud-based transportation management system (TMS) for freight brokers, shippers, and carriers. Offers load management, dispatch, driver communication, document management, and accounting features with a user-friendly interface. Popular among small to medium-sized logistics companies for its accessibility and comprehensive functionality.
Business strategy where logistics companies minimize equipment ownership, instead leveraging partner carriers and contracted capacity. Reduces capital requirements but depends on strong carrier relationships.
Self-driving trucks and delivery vehicles that use AI, sensors, and advanced control systems to navigate without human intervention. Ranges from driver-assistance features to fully autonomous operation, with potential to address driver shortages and improve safety.
A return trip carrying cargo after completing a primary delivery. Helps maximize efficiency and revenue by avoiding empty miles on the return journey.
Internal broker tool tracking financial performance against targets. Motivates sales team and creates competitive atmosphere.
A legal document that serves as a receipt of freight services and a contract between a freight carrier and shipper. The BOL contains all details about the shipment including origin, destination, quantity, and type of freight.
A delivery where the driver is not informed of the final customer or receiver. Often used when protecting customer relationships or maintaining confidentiality.
Delivery where neither shipper nor receiver knows the identity of the other party. Requires special handling and documentation procedures.
Distributed ledger technology providing transparent and tamper-proof documentation of supply chain events. Enhances trust and verification capabilities across logistics networks.
Leading supply chain management software platform formerly known as JDA. Widely used for transportation planning and optimization in enterprise environments.
Technology-enabled 3PL providing freight brokerage and managed transportation services. Utilizes franchise business model alongside corporate operations.
A truck tractor driving without a trailer attached. Usually refers to when a driver is traveling to pick up a load or returning after a delivery.
Total value of freight accounts managed by a broker or logistics provider. Critical measure of company worth and market position, often used in valuation during acquisitions.
A transportation route where a driver delivers to a destination and immediately picks up another load at or near the delivery location for the return trip.
Mathematical calculation determining maximum allowable weight based on number of axles and their spacing. Important for weight compliance on highways.
A $75,000 surety bond required by the FMCSA for freight brokers to operate legally. Protects carriers and shippers in case the broker fails to pay.
A strategic partnership program where brokers provide preferred carriers with consistent freight volume, quick payment terms, and other benefits in exchange for reliable capacity and priority service. Helps brokers secure dependable capacity while giving carriers predictable revenue streams.
A collection of documents containing a broker's legal and insurance information, credit references, and carrier requirements. Used to establish business relationships with new carriers.
A legal contract between a freight broker and carrier defining the terms of their business relationship. Includes payment terms, insurance requirements, and service expectations.
Cargo that is transported unpackaged in large quantities. Usually refers to commodities like grain, coal, or liquids that are loaded directly into a trailer.
Global third-party logistics provider and one of the world's largest freight brokers. Known for their vast carrier network and proprietary Navisphere technology platform.
Largest refrigerated truckload carrier in the United States. Family-owned company with significant dedicated contract carriage operations and logistics services.
Transport of goods between two points within the same country by a foreign carrier. Generally restricted by regulations in most countries.
Market condition where freight demand exceeds available trucks. Results in higher rates and service challenges.
Percentage of available freight volume in a market that a carrier or broker successfully secures. Key performance indicator for sales teams.
Insurance coverage that protects against loss or damage to freight during transport. Required by law and typically has minimum coverage requirements.
Formalized system for monitoring and enforcing carrier safety, insurance, and performance standards. Helps manage liability and maintain service quality.
Documentation provided by carriers including their operating authority, insurance certificates, and W-9 forms. Required by brokers before assigning loads.
The process of validating a carrier's credentials, insurance coverage, safety ratings, and operating authority before allowing them to haul freight. Modern verification systems use automation and real-time monitoring to continuously check carrier compliance and identify potential risks.
Short-distance hauling of goods within a local area. Often used for final delivery from terminals to customers.
Fee assessed against carriers or vendors for failing to meet specified performance requirements. Common in retail logistics when delivery windows are missed.
Regular communication between driver and dispatcher to confirm location and status of shipment. Usually required at pickup, delivery, and specific intervals during transit.
Slang term for specific type of flatbed trailer with very low deck height. Used for tall loads that need to meet height restrictions.
A formal request for compensation due to loss, damage, or delay in shipment. Must be filed within specific timeframes and requires supporting documentation.
Sales technique involving unsolicited contact with potential shipping customers. Traditional business development approach in freight brokerage.
A transportation company that provides services to the general public at published rates. Subject to federal regulations and required to serve all customers without discrimination.
Collaborative demand planning approach incorporating input from sales, operations, and carriers. Improves accuracy and alignment of transportation capacity planning.
The party designated to receive the shipped freight at the destination. Responsible for accepting delivery and often unloading the shipment.
Multiple loads scheduled in sequence to keep a truck moving with minimal deadhead or waiting time. Helps maximize efficiency and revenue for carriers.
A trucking company that provides transportation services under specific contracts with shippers. Different from common carriers who serve the general public.
Digital freight network using technology to connect shippers with carriers. Focuses on eliminating empty miles through algorithmic matching and automated processes.
Pricing model based on weight measured in hundreds of pounds. Standard calculation method for many LTL shipments.
Large freight brokerage known for their 'No Excuses' culture and proprietary technology. Acquired by UPS but maintains distinct operations and market position.
Supply chain practice focused on sustainable product lifecycles. Involves logistics planning for reuse and recycling of materials.
A practice where freight is unloaded from one trailer and immediately loaded onto another with minimal storage time. Used to consolidate shipments and optimize transportation.
When a trailer reaches its volume capacity before reaching weight limits. Common with lightweight but bulky freight.
The total volume of space available inside a trailer for freight. Important for determining if a load will fit and for calculating shipping costs.
Software and processes tracking customer interactions, shipment history, and preferences. Essential for maintaining shipper loyalty in competitive markets.
Alternative term for hazardous materials requiring special handling and documentation. Subject to strict regulatory requirements.
An online marketplace where brokers post available loads and carriers find freight to haul. One of the largest and most popular load boards in the industry.
Operator of North America's largest truckload freight marketplace connecting brokers, carriers, and shippers. Provides freight rate information, load board services, and market analytics.
Logistics division of German rail operator Deutsche Bahn providing land, air, and ocean freight along with comprehensive supply chain management solutions.
Business expense incurred when contracted space on vehicle goes unused. Represents financial liability when volume commitments aren't met.
When a truck travels without a paying load, typically while repositioning for the next pickup. Represents non-revenue generating miles that carriers try to minimize.
The manual lifting of freight without mechanical assistance. Can lead to additional charges in some delivery scenarios.
A regular shipping lane or circuit assigned to specific carriers or drivers. Often involves consistent pickup and delivery schedules for regular customers.
Charges for extended use of containers beyond allowed time. Different from detention which applies to trailers and drivers.
Charges applied when a truck is held at a facility beyond the standard free time for loading or unloading. Usually calculated hourly after a grace period.
Contract logistics provider offering warehousing, distribution, and transportation management services. Part of Deutsche Post DHL Group's logistics division.
A technology-focused freight brokerage that leverages digital platforms, automation, and data analytics to connect shippers and carriers. Unlike traditional brokers, digital freight brokers typically operate with lower overhead costs, automated processes, and API-based integrations to streamline freight matching and management.
Technology connecting shippers and carriers through algorithms and real-time data. Modern alternative to traditional load boards, reducing empty miles and transaction costs.
Technology-driven approach that automatically connects shippers with available carriers based on parameters like equipment type, location, and pricing. Leverages algorithms to replace traditional manual load booking processes and reduce empty miles.
Virtual representation of physical logistics network allowing simulation and optimization. Advanced planning approach for complex transportation systems.
The process of coordinating and directing truck movements and load assignments. Includes communication with drivers, scheduling, and problem-solving.
The illegal practice of a broker re-brokering a load to another broker without disclosure or authorization. Violates federal regulations and broker-carrier agreements.
Short-distance transport of freight, typically to and from ports or rail yards. Often involves container movements and intermodal operations.
A collection of required documents maintaining driver records including licenses, medical certificates, and driving history. Required by DOT regulations.
Persistent industry challenge characterized by insufficient qualified commercial drivers to meet freight demand. Affects capacity and rates.
When a trailer is left at a facility for loading or unloading without the truck and driver waiting. Allows for more flexible loading schedules and efficient equipment use.
Collection of trailers left at customer location for loading or unloading at their convenience. Improves facility throughput and driver utilization.
A scheduled pickup that fails because the freight isn't ready or the shipper cancels. May result in TONU (Truck Ordered Not Used) charges.
A standard enclosed trailer used for non-temperature controlled freight. Most common trailer type for general cargo transport.
Global transport and logistics company formed through merger. Offers freight forwarding, contract logistics, and supply chain management across multiple modes.
Materials used to protect and secure cargo during transport. Includes pallets, straps, airbags, and other load securement devices.
Pricing strategy in freight transportation where rates fluctuate based on real-time market conditions, capacity availability, demand patterns, and other factors. Enables brokers and carriers to optimize revenue by adjusting prices according to current market conditions rather than using fixed rate tables.
Pricing strategy in freight transportation where rates fluctuate based on real-time market conditions, capacity availability, demand patterns, and other factors. Enables brokers and carriers to optimize revenue by adjusting prices according to current market conditions rather than using fixed rate tables.
Earnings Before Interest, Taxes, Depreciation and Amortization - key financial performance metric for logistics companies. Important for company valuation and acquisition potential.
Technology-enabled transportation management provider offering multimodal solutions. Balances technology platform with human expertise for service delivery.
Cost advantages obtained through larger volume operations in transportation. Primary benefit of freight consolidation and network optimization.
Specialized handling of uncommon or challenging shipments that fall outside standard operating procedures. Often commands premium pricing due to complexity.
Electronic Data Interchange - standardized electronic communication between business partners. Used for load tenders, status updates, and invoicing.
Supply chain strategy that can quickly expand or contract based on market demand. Requires flexible carrier partnerships and capacity planning.
Electronic Logging Device that automatically records driver hours of service. Mandatory for most commercial trucks to comply with federal regulations.
Temporary suspension of freight acceptance to specific locations or for certain commodities. May be imposed due to severe weather, labor issues, or capacity constraints.
Connection between transportation management systems and broader business software. Essential for seamless order-to-delivery processes.
Designated location where imported goods officially enter a country. Subject to customs clearance and often additional fees.
Largest privately owned LTL carrier in North America. Family-owned company known for financial stability and comprehensive North American service coverage.
Estimated date and time when shipment will reach its destination. Critical information for receiver planning and resource allocation.
Time-critical shipments that require faster than normal delivery times. Usually commands higher rates and requires dedicated service.
Professional assessment of freight classification and documentation accuracy. Helps prevent costly billing adjustments and compliance issues.
A financial company that purchases freight bills from carriers at a discount. Provides immediate payment to carriers instead of waiting for broker payment terms.
Less-than-truckload carrier division of FedEx Corporation. Offers priority and economy services throughout North America with extensive terminal network.
Initial transportation segment from shipper's facility to first transportation hub. Critical for on-time delivery performance.
Transportation expense categorization differentiating between costs that remain constant (equipment, insurance) and those that fluctuate with volume (fuel, labor). Fundamental for carrier pricing strategies.
An open trailer with no sides or roof, used for oversized or irregularly shaped cargo. Requires special securement and often tarping.
Digital-first freight forwarder and customs broker combining technology with logistics expertise. Specializes in global trade and supply chain visibility.
Federal Motor Carrier Safety Administration - government agency responsible for regulating the trucking industry. Enforces safety regulations and issues operating authorities.
Contract clause excusing performance due to extraordinary events like natural disasters. Protects carriers from liability during extreme circumstances.
A logistics technology platform that helps freight brokers and shippers move more freight efficiently. Known for their AI-powered Carrier Sales Rep tool that automates carrier outreach, negotiation, and relationship management to increase broker productivity and capacity.
Asset-light provider of less-than-truckload and truckload services focusing on expedited ground transportation. Serves the air freight and final mile markets.
Real-time supply chain visibility platform using predictive analytics to improve logistics operations. Focuses on end-to-end tracking across all transportation modes.
Shipping term indicating when liability and ownership transfers from seller to buyer. Determines responsibility for freight charges and risk during transit.
Allowed period for loading or unloading before detention charges begin. Typically ranges from one to two hours depending on freight type.
An independent contractor who books and manages freight shipments under another broker's authority. Agents typically work from remote locations, use the broker's operating authority and insurance, and earn a percentage of the profit margin on loads they handle while building their own customer and carrier relationships.
A classification for mixed shipments of various commodities. Allows for simplified rating and billing of diverse cargo types.
Business practice of profiting from price discrepancies between markets. Common strategy for brokers leveraging market inefficiencies.
A transportation intermediary that connects shippers who need to transport goods with authorized motor carriers who can provide the transportation service. Brokers negotiate rates, arrange pickup and delivery, handle documentation, and facilitate communication between parties without taking possession of the freight or operating transportation equipment.
Educational programs designed to prepare individuals for careers in freight brokerage. Covers industry regulations, carrier selection, pricing strategies, customer acquisition, transportation management systems, and operational procedures. Available through industry associations, private training companies, community colleges, and online platforms.
A formal request for compensation due to damaged or lost cargo during transport. Requires documentation and follows specific filing procedures.
An intermediary that arranges and organizes shipments for companies to get goods from manufacturer or producer to market, customer, or final point of distribution. Unlike brokers, freight forwarders typically take possession of freight, consolidate shipments, and often specialize in international transportation requiring customs expertise.
Economic downturn specifically affecting transportation industry. Often precedes broader economic contractions due to shipping's leading indicator status.
Formal offer of cargo for transportation. Includes shipment details and service requirements for carrier consideration.
Media and market intelligence company providing freight market data, analysis, and forecasting. Publisher of freight industry news and host of industry conferences.
An additional fee that fluctuates with fuel prices to offset carrier fuel costs. Usually calculated as a percentage of the base rate.
Mercedes-Benz G-Class luxury SUV, often seen as a status symbol of successful freight brokers and logistics entrepreneurs. Informally represents achievement in the industry.
Business arrangement where logistics cost savings are distributed between service provider and client. Creates financial incentive for continuous improvement.
Charges assessed for entering ports, terminals, or other facilities. Usually passed through to the customer as an accessorial charge.
Transportation hub where freight transitions between carriers or modes. Often located at state borders or major intermodal facilities.
Technology creating virtual boundaries around specific locations. Used for automated notifications when trucks enter or exit designated areas.
Technology-enabled third-party logistics provider offering multimodal services through proprietary technology platform and agent network.
Cargo that appears straightforward but has hidden challenges like difficult access, special handling needs, or oversized dimensions not disclosed initially.
Shared trailer pool that multiple carriers can access. Improves equipment utilization and reduces empty repositioning.
Transportation strategies focused on environmental sustainability. Includes emissions reduction, alternative fuels, and efficiency improvements.
Revenue minus cost of purchased transportation. Primary profitability metric for brokers and non-asset logistics providers.
The maximum operating weight of a vehicle including cargo, fuel, and driver. Set by manufacturers and regulated by law.
Formal business plan for expanding transportation service volume or market reach. May include geographic expansion, service diversification, or acquisition approaches.
Charge assessed for port services when transporting freight through maritime facilities. Typically passed through to shippers as accessorial charge.
Hazardous materials requiring special handling, documentation, and driver certification. Subject to strict regulations and additional insurance requirements.
Primary direction of freight movement, typically from production centers to consumption areas. Generally commands higher rates than backhaul.
Transportation of exceptionally valuable cargo requiring additional security and insurance. Commands premium rates and specialized handling protocols.
Comprehensive approach considering all aspects of freight movement including cost, service, sustainability, and risk. Moves beyond siloed decision-making.
Operation where driver drops loaded trailer and immediately hooks to another trailer. Minimizes driver wait time at facilities.
Urgent shipment requiring immediate pickup and expedited delivery. Takes priority over standard freight and often commands premium rates.
Federal regulations limiting the number of hours a driver can operate. Includes rules for driving time, on-duty time, and required rest periods.
Asset-light transportation management company specializing in intermodal marketing, dedicated trucking, and logistics services. Industry leader in intermodal operations.
Transportation strategy combining multiple delivery methods to optimize cost and service. May include direct shipping, hub and spoke, and pool distribution.
Transportation of materials from suppliers to production facilities. Critical component of manufacturing supply chains.
Strategy focusing on attracting shippers and carriers through valuable content rather than traditional outbound sales. Growing approach in modern logistics businesses.
International Commercial Terms defining responsibilities between buyers and sellers in international transactions. Determines who pays for transportation and bears risk.
Transportation service moving freight between inland locations and ports using both rail and truck. Combines benefits of multiple transport modes.
Service where freight is carried into a building rather than just to loading dock. Usually incurs additional charges.
Business partnership where multiple carriers collaborate to complete shipments across their respective service territories. Extends geographic coverage without asset expansion.
Transportation using multiple modes such as truck, rail, and ship. Often involves containerized freight and specialized equipment.
Communication function for publicly traded logistics companies managing relationships with shareholders and financial analysts. Increasingly important as transportation attracts broader investment interest.
One of North America's largest transportation companies offering freight services across multiple modes. Pioneer in intermodal shipping with strong integration of technology solutions.
When a tractor-trailer folds at the coupling point, creating a V-shape. Safety concern especially in adverse weather conditions.
Technologies and techniques designed to reduce risk of tractor-trailer folding incidents. Includes electronic stability control and driver training.
Extremely profitable freight opportunity, typically with above-market rates. Highly sought after by carriers and brokers.
Short-distance trailer movement service within terminals, ports, or distribution centers. Uses specialized yard tractors rather than road tractors.
Formal business partnership between multiple entities to provide integrated transportation services. Combines complementary capabilities and spreads investment risk.
Process of visualizing and optimizing customer experience across all stages of logistics relationship. Identifies friction points and enhancement opportunities.
Stock buffer maintained to prevent shortages, contrasting with just-in-time approaches. Requires more storage but reduces stockout risks during supply chain disruptions.
Delivery scheduled to arrive exactly when needed for production or inventory. Requires precise timing and reliable transportation.
Japanese business philosophy of continuous improvement applied to transportation processes. Focuses on incremental enhancements through worker involvement.
North America's largest tank truck transporter and logistics provider. Specializes in fuel, chemicals, industrial gases, and food-grade products transportation.
Strategic approach to handling large volume shippers with dedicated service teams. Essential for logistics providers serving major enterprise customers.
Metrics used to evaluate logistics operations effectiveness. Includes on-time delivery percentage, cost per mile, and claim ratios.
Connecting device on trailer that couples with the fifth wheel on tractor. Critical component of trailer connection system.
Logistics process of combining individual items into ready-to-ship packages. Often performed at distribution centers before final delivery.
Largest truckload carrier in North America, formed through merger. Operates multiple brands and services including temperature-controlled and dedicated operations.
Visual interface displaying real-time logistics performance metrics. Essential management tool for monitoring operations and identifying improvement opportunities.
Global logistics company providing sea freight, air freight, road logistics and contract logistics services. One of the world's oldest and largest logistics providers.
Overland transport connecting water routes. Often refers to rail service connecting ports on different coasts to avoid longer sea routes.
Asset-light logistics provider operating through a network of independent agents and owner-operators. Known for specialized and heavy-haul transportation services.
A regular route between two points or regions. Often refers to specific shipping corridors with established rates and capacity.
Final delivery segment from distribution center to end customer. Often the most expensive and complex part of shipping process.
When a driver must wait between loads or deliveries, usually overnight. May incur additional charges if caused by shipper or receiver delays.
Business methodology focused on eliminating waste from freight processes. Adapts manufacturing efficiency principles to logistics operations.
Maximum cargo weight permitted by law on specific roads. Varies by jurisdiction and vehicle configuration.
Shipments that don't require a full trailer. Multiple shipments from different customers are combined to fill a truck.
Coverage protecting against damage or injury caused by the truck or driver. Required by law with minimum coverage amounts.
Total revenue expected from shipper throughout relationship duration. Guides customer acquisition cost decisions and account retention investments.
Long-distance portion of freight movement between major cities or terminals. Typically excludes pickup and delivery operations.
World's largest temperature-controlled industrial REIT and logistics solutions provider. Specializes in cold storage and food supply chain optimization.
When driver remains with the trailer during loading or unloading. Contrasts with drop trailer operations.
Online marketplace where brokers post available loads and carriers find freight. Essential tool for matching capacity with demand.
Device used to secure cargo and prevent shifting during transport. Required for proper load securement.
Detailed instructions for loading sequence and position of freight on trailer. Ensures proper weight distribution and cargo protection.
Measure of available loads compared to available trucks in a market. Indicates market conditions and helps in rate negotiations.
Record of driver's duty status including driving time, rest periods, and other activities. Required by DOT regulations.
Contractual commitment defining specific performance standards for transportation services. Often includes financial penalties for non-compliance.
Third-party service provider who loads or unloads freight. Fee is usually paid by carrier and reimbursed as accessorial charge.
Process of combining acquired transportation companies into existing operations. Critical success factor in logistics industry consolidation.
Subset of AI that enables systems to learn from historical transportation data and improve performance without explicit programming. Applications include lane pricing optimization, detention time prediction, and identifying fraud patterns in carrier onboarding.
Danish integrated shipping company offering ocean and inland freight transportation. Expanding into end-to-end supply chain services beyond traditional shipping.
Document listing all cargo on a truck including weights, pieces, and destinations. Required for customs and regulatory compliance.
Freight price based on standard mileage between origin and destination. Alternative to negotiated or spot rates.
Industry phenomenon where rising costs cannot be fully passed to customers, reducing profitability. Common challenge during inflationary periods or intense competition.
Business approach focused on capturing greater percentage of freight in specific lanes or regions. May involve short-term margin sacrifice for long-term volume growth.
Consolidated shipping document covering multiple shipments. Used when several shipments are grouped for transport efficiency.
Motor Carrier Authority is a license issued by the Federal Motor Carrier Safety Administration (FMCSA) that allows companies to transport regulated commodities for hire across state lines. Also known as operating authority, it's required for all for-hire carriers, brokers, and freight forwarders engaging in interstate commerce.
Motor Carrier number issued by FMCSA authorizing interstate operations. Required for both carriers and brokers.
Transportation management software provider serving trucking companies, brokers, and 3PLs. Known for their LoadMaster and PowerBroker products.
Transportation management system (TMS) provider serving shippers, 3PLs, freight forwarders and brokers. Known for multi-modal capabilities and flexible deployment options.
Freight charges calculated per mile traveled. Common pricing method for full truckload shipments.
Routing strategy with multiple pickup or delivery points along a circular route. Named after traditional dairy delivery methods.
Multi-modal third-party logistics provider offering truckload, less-than-truckload, intermodal, air, and ocean services through agent-based model.
The practice of transferring business operations to nearby countries rather than distant ones. In logistics, this involves relocating manufacturing or distribution facilities closer to end markets to reduce transportation costs, minimize supply chain disruptions, and improve delivery times while maintaining some cost advantages over domestic production.
Freight price agreed upon between shipper and carrier that differs from published tariffs. Usually reflects volume commitments or special service requirements.
Cargo arranged to maximize space utilization by fitting smaller items inside larger ones. Improves loading efficiency and reduces shipping costs.
Operating expenses as percentage of revenue. Primary efficiency metric for asset-based carriers, with lower percentages indicating higher profitability.
Business concept where logistics platform value increases exponentially with more participants. Fundamental principle behind digital freight marketplaces.
Dedicated function focused on acquiring new shipping customers. Typically involves longer sales cycles for major logistics accounts.
Privately held integrated supply chain solutions provider offering dedicated transportation, warehousing, intermodal, and global logistics services.
National Motor Freight Classification - standardized freight categories used for LTL rating. Based on density, handling, value, and liability.
Rapidly growing freight brokerage offering truckload, less-than-truckload, drayage, and expedited shipping services. Known for aggressive expansion strategy.
Logistics provider that arranges transportation without owning vehicles or equipment. Includes brokers and many 3PLs.
Specialized logistics provider focusing on complex chemical and process industry transportation. Offers managed services and proprietary technology solutions.
Premium less-than-truckload (LTL) carrier known for service quality and low claims ratio. Consistently ranked among top performers in the LTL sector.
Status indicating freight has been loaded onto transportation vehicle. Important milestone for shipment tracking and visibility.
Legal permission from FMCSA to operate as a motor carrier or broker. Must be active and in good standing.
Business philosophy focusing on continuous process improvement and efficiency. Increasingly important as margin pressure increases in competitive markets.
Process of maximizing efficiency in transportation planning. Includes route planning, load consolidation, and capacity utilization.
Real-time access to shipment status information across supply chain. Increasingly expected capability from modern logistics providers.
Oversized cargo exceeding standard transportation dimensions. Requires special permits and often escort vehicles.
Additional distance traveled beyond the most direct route. May be necessary for road restrictions or multiple stops.
Strategic business decision to contract transportation functions to specialized providers. Allows companies to focus on core competencies while leveraging external expertise.
Driver who owns and operates their own truck. May work directly with brokers or lease to larger carriers.
Standard platform used for unitized handling of freight. Enables efficient loading and unloading with forklifts.
Manual device for moving palletized freight. Often required for deliveries without dock access.
Actual weight of cargo being transported, excluding the weight of the vehicle, fuel, and driver. Key factor in profitability calculations.
Agreed timeframe for broker payment to carrier after delivery. Typically ranges from Quick Pay to 30 days.
Period of highest demand for freight transportation. Usually results in higher rates and tighter capacity.
Route with multiple delivery stops in a local area. Requires efficient routing to maximize delivery productivity.
Global supply chain and logistics company offering dedicated contract carriage, distribution center management, and transportation management. Subsidiary of Penske Corporation.
Daily rate charged for trailer detention or driver expenses. May be part of accessorial charges.
Special authorization required for oversize/overweight loads or restricted routes. Must be obtained before transport.
Reference number assigned to identify a specific pickup. Used for tracking and communication.
Goods in transit between locations within supply chain. Represents significant capital investment affected by transportation speed and reliability.
Warning sign displayed on vehicles carrying hazardous materials. Required by law and must match specific hazard classes.
Proof of Delivery - signed document confirming successful delivery. Required for payment processing.
Logistics method where shipments are consolidated at strategic locations before local delivery. Improves efficiency for multiple deliveries in same area.
Service where carrier provides just the truck tractor. Customer or broker provides the trailer.
Advance scheduling of loads to optimize truck utilization. Helps reduce empty miles and improve efficiency.
Use of historical data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes in freight markets. Helps logistics professionals anticipate capacity constraints, pricing trends, and potential service disruptions.
Investment category characterized by significant capital deployment in transportation and supply chain companies. Major force driving industry consolidation and technology adoption.
Business strategy helping companies transition from operating their own trucks to using for-hire carriers. Often provided as consultative service by 3PLs.
Progressive number assigned to track individual shipments. Used primarily in LTL operations.
Business unit evaluated on its financial performance rather than just cost control. Modern approach to logistics departments traditionally viewed as cost centers.
Supply chain visibility platform providing real-time transportation tracking and predictive insights. Connects carriers, shippers and 3PLs through API technology.
Truck or trailer configuration with four axles. Allows for higher legal weight limits in many jurisdictions.
Formalized processes ensuring consistent transportation service delivery. Often includes ISO certification and standardized operating procedures.
Formal assessment of logistics partnership performance conducted every three months. Reviews KPIs, identifies improvement opportunities, and reinforces strategic alignment.
Formal assessment of logistics partnership performance conducted every three months. Reviews KPIs, identifies improvement opportunities, and reinforces strategic alignment.
Classification of a driver's work periods for compliance with hours of service regulations. Includes driving time, on-duty time, sleeper berth, and off-duty time.
Expedited payment to carrier for a small percentage fee. Alternative to standard payment terms.
A financial service offered by freight brokers that accelerates payment to carriers, typically within 24-48 hours of delivery confirmation and proper documentation submission, instead of standard 30-day payment terms. Usually involves a small fee or discount on the invoice amount in exchange for faster payment processing.
Family-owned LTL carrier operating throughout North America. Known for extensive service coverage and proprietary Family of Companies business model.
Facility where containers or trailers transfer between rail and truck transportation. Key component of intermodal shipping networks.
Document detailing agreed price and terms for a specific load. Serves as contract between broker and carrier.
Transportation cost calculated on a per-mile basis. Standard pricing method in truckload shipping.
Technology that provides continuous tracking and monitoring of freight movements across the supply chain. Uses IoT devices, mobile applications, and AI to deliver accurate location data and predictive ETAs to all stakeholders.
Technology-focused logistics platform providing managed transportation, freight brokerage, and supply chain solutions. Known for their LeanLogistics heritage.
Refrigerated trailer used for temperature-controlled freight. Requires special equipment and monitoring.
Transfer of freight between drivers to comply with hours of service regulations. Enables continuous movement of time-sensitive loads.
Payment address where carriers send freight bills. Important for proper processing of invoices.
Delivery to a home address rather than commercial location. Often requires special equipment or handling.
Financial metric measuring profitability of transportation investments like equipment purchases or technology implementations. Essential for capital expenditure decisions.
Systematic approach to maximizing financial returns from available transportation capacity. Involves strategic pricing, customer selection, and resource allocation.
Financial metric measuring income generated per mile traveled. Critical performance indicator for carrier profitability.
Process of moving goods from customers back to vendors or manufacturers. Includes returns, recycling, and disposal transportation.
Instructions specifying preferred carriers and procedures for shipping. Used by shippers to standardize transportation.
Driving without a load, also called deadheading. Represents non-revenue miles for carriers.
Additional charge for expedited transportation service with shortened delivery timeframe. Significant revenue opportunity during tight deadlines.
Asset-light truck brokerage spun off from XPO Logistics. Leverages proprietary technology platform for freight matching and carrier management.
Transportation and supply chain company offering leasing, dedicated transportation, and supply chain management. Known for their extensive fleet management capabilities.
FMCSA evaluation of carrier safety performance. Affects ability to obtain loads and insurance.
Less-than-truckload carrier providing regional and national service. Known for consistent terminal network expansion and technology investment.
Document showing vehicle weight from certified scale. Required for weight compliance verification.
A risk assessment metric that uses AI and machine learning to evaluate carrier legitimacy and reliability. Analyzes patterns in authority history, insurance claims, safety records, and operational data to generate a numerical score predicting the likelihood of fraudulent or problematic behavior.
Strategic preparation for multiple possible future states in logistics markets. Helps businesses remain agile during rapid industry changes.
Major transportation and logistics services provider with extensive truckload, intermodal and logistics operations. Recognized for their distinctive orange equipment.
Security device applied to trailer doors to prevent tampering. Required for many types of shipments.
Freight prices that vary based on time of year. Reflects changes in demand and capacity.
Strategies and procedures used to address service failures in freight transportation, such as late deliveries, damaged cargo, or communication breakdowns. Effective recovery involves quick response, clear communication, fair resolution, and process improvements to prevent future issues.
Yard truck used for moving trailers within terminals or distribution centers. Not typically used for over-the-road transport.
Party who originates the freight shipment. Responsible for proper packaging and documentation.
Designation for companies that create driver-friendly environments and efficient operations. Increasingly important during capacity constraints to secure reliable transportation.
Trucking practice where multiple drivers use the same vehicle on different shifts. Maximizes equipment utilization by keeping trucks moving 24/7.
Non-standard transportation assets designed for specific freight types or requirements. Includes flatbeds, step decks, refrigerated trailers, tankers, lowboys, double drops, RGNs (removable gooseneck trailers), and other equipment configurations that handle oversized, temperature-sensitive, or uniquely shaped cargo.
Single shipment divided for delivery to multiple locations. May incur additional charges for extra stops.
Freight moved at current market rates rather than contract prices. More volatile than contracted rates.
Freight that can have other items placed on top. Important for efficient trailer utilization.
Trailer with two deck heights for tall cargo. Alternative to standard flatbed for oversize loads.
Additional pickup or delivery location on a trip. Usually incurs extra charges.
Single unit truck with cargo area attached to cab. Used for smaller loads and local delivery.
Load securement devices required for flatbed cargo. Must meet DOT strength requirements.
Formal carrier arrangements securing dedicated equipment and predictable pricing. Balances transportation cost control with service reliability.
Additional transportation resources available for peak demand. May include backup carriers or equipment.
Set of two axles close together on truck or trailer. Important for weight distribution.
Specialized equipment for liquid bulk cargo. Requires specific certifications and cleaning.
Protective covering for open deck loads. Required for weather protection and load security.
Two drivers alternating driving duties in same truck. Enables continuous operation for expedited freight.
Formal offer of freight to a carrier for transport. Includes shipment details, requirements, and often the proposed rate.
Percentage of freight offers accepted by carriers. Key business metric indicating market positioning and carrier relationship strength.
Facility for freight consolidation and transfer. Used primarily in LTL operations.
Company providing outsourced logistics services. Often combines brokerage with other services.
Content marketing strategy establishing expertise in specialized transportation niches. Generates leads and builds credibility in competitive logistics markets.
Freight requiring delivery by specific deadline. Usually commands premium rates.
Transportation service guaranteeing arrival by specific time or date. Usually premium service with higher rates than standard delivery.
Truck Ordered Not Used - fee charged when scheduled pickup is cancelled. Compensates carrier for lost opportunity.
Comprehensive assessment of all expenses associated with transportation assets throughout their lifecycle. Includes purchase, maintenance, fuel, insurance, and disposal costs.
One of the largest freight brokerage firms in North America. Known for aggressive growth strategy and extensive training program for brokers.
System for monitoring shipment location and status. May use GPS, EDI, or manual check calls.
Power unit that pulls trailers. Also called truck or power unit.
Regular route between specific origins and destinations. Often develops consistent pricing patterns.
Cargo-carrying unit pulled by tractor. Various types for different freight needs.
Technology-focused digital freight marketplace using data science to optimize shipping. Emphasizes carrier experience and reduction of empty miles.
Unexpected delay or issue during transportation. Requires notification to stakeholders and often adjustment of delivery expectations.
Time required to move freight from origin to destination. Important for delivery scheduling.
Software for managing freight operations. Handles load planning, tracking, and documentation.
Technology provider offering fleet management, routing, and transportation management software. Popular products include TMW, PeopleNet, and 10-4 Systems.
Request for carrier to provide equipment for load. Specifies equipment type and timing requirements.
Legal permission to operate as motor carrier. Required for interstate commerce.
Shipment requiring entire trailer capacity. Typically more cost-effective than LTL for large shipments.
Digital freight marketplace providing load board services, freight rate analysis, and carrier compliance tools. Alternative to DAT with strong carrier-side user base.
Ability to load/unload trailer from both sides. Feature of some specialized trailers.
Digital freight marketplace leveraging technology to automate load matching. Offers transparent pricing and simplified booking process for carriers.
Freight services provided but not yet invoiced. Represents accounts receivable for carriers and brokers.
Detailed analysis of profitability at individual load or shipment level. Critical for understanding true cost structure and pricing sustainability.
Process of removing freight from trailer. May require special equipment or labor.
Less-than-truckload and truckload service provider recently acquired by TFI International and rebranded as TForce Freight. Previously the LTL division of UPS.
Sales technique offering premium transportation services or additional solutions to existing customers. Key revenue growth strategy for established logistics providers.
Specialized freight movement within densely populated areas. Faces unique challenges including traffic congestion and delivery restrictions.
Unique identifier assigned by Department of Transportation. Required for interstate carriers.
Quality of interaction between shippers and logistics technology platforms. Increasingly important competitive differentiator as digital freight becomes standard.
Measure of how efficiently transportation assets are being used. Includes loaded miles percentage and capacity usage.
Financial metrics used to determine logistics company worth, typically expressed as multipliers of EBITDA or revenue. Vary significantly based on business model and technology component.
The unique combination of benefits and solutions a logistics provider offers to customers that differentiates them from competitors. In freight brokerage, this typically includes service quality, technology capabilities, specialized expertise, pricing advantages, or network strength that creates measurable value for shippers or carriers.
Enclosed trailer for general freight. Most common type of trailer.
Required safety check of truck and trailer. Must be performed daily and documented.
Adherence to shipper's specific requirements for packaging, labeling, and delivery. Non-compliance may result in penalties or chargebacks.
Trailer with ventilation openings for transporting products that require airflow. Common for agricultural products.
Funding source for early-stage transportation technology companies. Driving force behind freight innovation and digital transformation.
Business strategy where companies expand into different supply chain functions. Examples include brokers acquiring carriers or warehouses to offer end-to-end solutions.
Legal doctrine where a broker can be held responsible for the negligent actions of a carrier they hired, even without direct fault. Emphasizes the importance of proper carrier vetting and monitoring as brokers may face liability for accidents or damages caused by their contracted carriers.
A celebratory ritual in freight brokerages where a gong is struck to mark successful deals or milestones. Creates positive energy and team motivation.
E-commerce focused fulfillment and logistics provider specializing in shipping optimization and parcel consolidation. Tailored for direct-to-consumer brands.
Special freight rate offered for shipments that take up significant capacity but are relatively light. Based on space rather than weight.
Period spent waiting for loading or unloading. May incur detention charges.
Percentage of a customer's total logistics spend captured by a specific provider. Important metric for account management teams.
Document containing shipping instructions and cargo details. Serves as record of transportation agreement.
Transportation postponement due to adverse weather conditions. Common force majeure event in freight contracts.
Maximum legal weight for vehicle on roads. Varies by state and road type.
Document showing certified vehicle weight. Required for weight compliance.
Calculation method for determining typical freight rates across multiple shipments. Accounts for differences in shipment size and distance.
Large diversified transportation company with significant truckload operations. Known for strong driver training programs and early technology adoption.
Premium logistics offering providing exceptional care for high-value or sensitive items. Includes special handling procedures and often inside delivery with installation.
Technology replacing manual transportation management processes with programmed sequences. Increases efficiency and reduces human error in logistics operations.
Logistics provider specializing in small package shipping and LTL freight for small and medium-sized businesses. Operates through franchise ownership model.
Comprehensive approach to managing international freight movements. Addresses customs, compliance, multi-modal connections, and documentation requirements.
Cross-dock facility for transferring freight between vehicles. Minimizes storage time.
Process of combining multiple small shipments into full truckloads at cross-dock facilities. Improves transportation efficiency and reduces costs.
Unique competitive advantage distinguishing a logistics provider in the marketplace. May include specialized capabilities, technology, or service offerings.
Major global transportation and contract logistics provider. Known for technology investment and strategic acquisitions that expanded their service portfolio.
Parking area for trucks and trailers. Used for equipment storage and staging.
Employee who moves trailers around a warehouse or terminal yard. Essential for efficient loading dock operations.
Business performance comparison between current and previous annual periods. Accounts for seasonal variations to identify true growth trends.
Industry term for construction equipment, which often requires specialized hauling equipment. Refers to the typical color of these machines.
Detailed examination of profitability by customer, lane, or service type. Guides strategic decisions about pricing and resource allocation.
Strategic pricing approach maximizing revenue from available capacity. Considers factors like lane balance, seasonality, and demand patterns.
Techniques maximizing financial returns from available transportation capacity. Combines pricing strategy with customer and lane selection.
Quality standard in logistics aiming for perfect order fulfillment. Requires precision in documentation, timing, and delivery.
Freight arrangement where no waiting time charges apply regardless of loading or unloading duration. Usually commanded only by high-volume shippers.
Financial planning approach requiring justification of all transportation expenses from ground up. Challenges historical spending patterns and identifies cost-saving opportunities.
Rate structure based on geographic zones rather than specific destinations. Simplifies pricing and quoting processes for high-volume operations.
Freight rate based on geographic zones rather than mileage. Common in LTL pricing.
Bypassing normal freight terminals to expedite delivery. Used for time-sensitive shipments.
Logistics strategy of bypassing standard shipping zones to reduce transit time and costs. Often uses consolidation points for efficiency.
Nicotine pouches commonly used in the logistics industry as an alternative to traditional tobacco products. Part of industry culture but not recommended.