Transportation Management System (TMS) Market Expectations Companies are expected to be implementing TMS software at an increasingly faster pace, which is having many professionals in the transportation management software market believing the TMS software market is set up to grow exponentially.
Just as logistics professionals use some industry terms interchangeably, the same misconception is found when using “warehouse” and “distribution center.”
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 Volume Shipment Rates Volume shipping quotes are used for LTL shipments that fall outside the normal less-than-truckload parameters, yet shipment is not large enough for a full truckload.
Definition of a Blind Shipment A blind shipment is when consignee / receiver of the shipment is not aware of the shipper or its origin.
The logistics of transporting heavy machinery and other cargo are always complex. For starters, the act of moving a piece of heavy equipment, such as a CNC machine, out of its current space is a complex feat of physics and planning. From there, the machine must be loaded onto the first mile carrier, potentially moved to a ship or cargo plane, and finally transported to its end location where it must be unloaded and set up.
Definition of BCO (Beneficial Cargo Owner) BCO, beneficial cargo owner, is the party that ultimately owns the product being shipped.
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.