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.
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.
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.
Why Validating Your Freight Carrier's Operating Authority and Saftey Rating is Important Hiring a motor carrier to operate for a shipper or freight broker is more than an exercise of sorting a spreadsheet to determine the lowest price freight service provider.
Definition of Bill-of-Lading (BOL) Bill-of-Lading (BOL) is a required document in the shipment process that provides all parties, the consignor, consignee and carrier, with the pertinent details needed to ship the product and invoice it correctly.
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 Freight Consolidation Freight consolidation is a logistics strategy where a shipper combines multiple shipments within a particular geographic region into a single shipment container that is then line hauled to a destination point where the smaller shipments that were part of the consolidation are broken down and shipped to their final destination or the single shipment is delivered directly through to final destination. Quick Video Demonstrating Consolidation & Pool Points
Definition of Freight Broker A freight broker is an individual or company that is contracted by a shipper to be a liaison between the shipper and a motor carrier to facilitate the movement of their property from origin to destination by accessing its vast network of carrier relationships.
Definition of Less-than-Truckload (LTL) LTL is used when a shipper has more than a parcel shipment, but less than a full truckload.
The logistics industry is filled with acronyms, which often confuse those outside the logistics and supply chain industry or those new to the field.
As we have shared previously, less-than-truckload (LTL) can be one of the most difficult freight moves to get “right”. Between NMFC class ratings, confusing tariff schedules, various service coverage maps and claims, there is plenty in play that can take a great deal of energy away from other priorities in a shipper’s logistics and supply chain strategy. With all the moving parts LTL brings, the priorities of cost and service often takes a back seat to just getting the product from your dock to the ultimate customer at a better cost than last year.