Definition of BCO (Beneficial Cargo Owner) BCO, beneficial cargo owner, is the party that ultimately owns the product being shipped.
Weekly discussion and analysis on the trends in the intermodal spot rate market. The InTek intermodal spot rate index decreased 0.5% over the prior week.
Everything you need to know about domestic intermodal and how to be successful implementing it into your logistics strategy. Gives tips, tricks and insights on intermodal and what to watch out for when converting from truckload to intermodal.
Definition of Offshoring Offshoring is defined as moving manufacturing or other business processes overseas versus having them operate domestically.
SmartWay Certification Defined SmartWay is a voluntary logistics partnership program, brand and collaboration that helps companies benchmark and adjust to industry best practices to obtain the goal of enhancing the sustainability of their supply chains.
Sustainable Supply Chain Defined Supply chain sustainability are the business decisions and processes that effect the environment, in terms of waste, CO2 emissions, fuel consumption and other similar issues.
Definition of FAK (Freight All Kinds) FAK is a term used within the freight and logistics industry when an LTL carrier assigns a single tariff classification for freight that would typically run under several NMFC codes.
Shipping In-Bond What is meant by shipping a commodity in-bond is the product is moving within the United States borders, but has not yet been cleared through the US Customs processes to officially enter the US government authority to be consumed by citizens or companies domiciled in the US.
What Are LTL NMFC Codes The National Motor Freight Traffic Association (NMFTA) created the National Motor Freight Classification (NMFC) tariff to classify all commodities into 18 different freight classes between 50 and 500.
What is the FMCSA (Federal Motor Carrier Safety Association) The FMCSA, Federal Motor Carrier Safety Administration, came out of the Federal Highway Administration in 2000 in order to best protect against and limit motor carrier related fatalities and injuries on US highways.
Weekly discussion and analysis on the trends in the intermodal spot rate market. The InTek intermodal spot rate index decreased 0.8% over the prior week.