Definition of Nearshoring Nearshoring is where a business moves its operations to a nearby country from one of greater distance. Nearshoring is a term that came out of the practice of offshoring, which is when companies move their product manufactured to a lower landed cost region than that of their native country.
Definition of Omnichannel Distribution: Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration.
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 Incoterms Incoterms, an abbreviation for international commercial terms, outline the details on how an international trade will occur.
Methods of Freight Pricing - Contract, Spot or Project There is more to a freight rate than the dollar figure given by a freight provider that is then input to a spreadsheet equation.
Definition of a Motor Carrier A motor carrier is an asset-based trucking entity that transports property for compensation.
Definition of Logistics Service Provider (LSP) Logistics Service Providers, or 3PL (third-party logistics) providers, are outsource entities shippers leverage to manage a company's warehousing, distribution and transportation of freight.
Definition of Transportation Software (TMS) A TMS is the software platform that companies use to manage their freight and logistics activities.
Definition of Freight Accessorial Charges: Accessorial freight charges are fees added to a shipper’s freight invoice for services the motor freight carrier performed beyond the standard pick-up and delivery operation designated at the time a shipment is tendered. The additional charges cover a wide variety of services outside of the line haul charge and fuel surcharge that are in connection with the transportation of goods.
Definition of Managed Transportation Services Solution: Managed Transportation Services Solutions (Managed TMS) involve shippers outsourcing their freight and logistics processes to a third party logistics (3PL) provider.
Definition of Reefer Freight Reefer freight refers to refrigerated and temperature controlled freight movements and equipment used to transport perishables or other temp-controlled freight.