Definition of BCO (Beneficial Cargo Owner) BCO, beneficial cargo owner, is the party that ultimately owns the product being shipped.
Welcome back to our blog series, "Logistics Lingo in 100 words."
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 IMC: Intermodal Marketing Company An intermodal marketing company is a logistics company that purchases intermodal capacity directly from the railroads and trucking firms to give shippers a door-to-door intermodal service. The IMC utilizes equipment from multiple sources to provide the intermodal capacity, while also bringing other value-added services under a single freight bill to the ultimate shipper, also known as the beneficial cargo owner (BCO).
After thinking we had said just about all there was about intermodal and rail shipping, we realized we were wrong after reading two recent postings: Union Pacific’s article Three Ways to Connect with Rail - And How to Make Them Happen and Intermodal Association of North America’s infographic, What is Intermodal?
So, you’ve decided that 53’ intermodal is an option for your company, but now what?
There is not a one-size-fits-all solution in life and that holds true for freight and logistics strategies.
As we talk to shippers across North America on the merits of intermodal, we often hear from shippers, “we only work with asset intermodal providers".
We talk to hundreds of companies a year about their logistics and supply chain teams.
What do you think of when you hear the word intermodal …slow, unreliable, complicated?