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.
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.
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 a Motor Carrier A motor carrier is an asset-based trucking entity that transports property for compensation.
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.
A common question for both large and small shippers is whether they should engage a freight broker to help them fulfill their freight and logistics requirements.
Definition of Truckload (FTL) Truckload (FTL) is the freight mode that shippers utilize when they require the full 53' space of a trailer for a shipment.
The logistics industry is filled with acronyms, which often confuse those outside the logistics and supply chain industry or those new to the field.
At the most recent MercuryGate users conference Shelli Austin, InTek Freight & Logistics President, and Adrian Gonzalez, Founder of Talking Logistics, had an opportunity to talk on a number of logistics and supply chain challenges shippers face in today’s market.