• Freight dictionary.

  • A

    Adjustments - Any discrepancy between the actual shipment and what is stated on the bill of lading. These result in additional charges from the carrier.

    Agent - A person who transacts business on behalf of another person or company with full or limited decision-making authority.

    Air Waybill - This freight shipping document is similar to a bill of lading but is used by airlines as a contract with the shipper that defines the terms of the shipping order. Sometimes the air waybill is also used for non-air related freight shipping.

    Axle Load - Each freight shipping transport has a weight limit. The axle load refers to the weight limit permitted for each axle over the nation's highways.

  • B

    Back Haul - The second half of a carrier's round trip in which the freight shipping cost is less than the first half. The second half can be referred to as the back haul rate.

    Beneficial Owner - This is a rail term that refers to the actual owner of the lading being shipped.

    Bill of Lading (BOL) - The bill of lading or BOL is the contract between shipper and carrier, broker or agent that binds the parties together and defines all aspects of the freight shipping arrangement including what is being shipped, to whom and more.

    Blocking - Also known as bracing, refers to wood or other supports used to keep shipments in place on trailers or in containers.

    Blind Shipment - When the shipper and receiver are not aware of one another, the freight shipment is called a blind shipment. In such cases, the bill of lading lists the party that paid for the shipment as the shipper or receiver of the freight shipment.

    Bogie - This is a rail term that refers to a frame with wheels on which a container is mounted for over-the-road transport.

    Broker - A person who makes freight shipping arrangements on behalf of a person or company. The broker has experience in the industry and negotiates the best possible rates on behalf of the client.

    Brokerage License - A broker gains this in order to have the ability to make freight shipping arrangements by air, land or sea.

    Bulk Freight - Freight that is not contained within packages or containers is referred to as bulk freight.

  • C

    Carrier - A person or company who transports freight for a fee is known as a carrier.

    Cartage - A trucking term that refers to shipping freight within the same city or area.

    Chassis - A rail term that refers to a frame with wheels and locking devices to secure a container during shipping.

    Classification - The class to which an article is assigned for the purpose of applying transportation charges. (LTL Term)

    Common Carrier - A carrier that can be hired by anyone to transport goods.

    Concealed Loss - When the recipient of a package is not able to see damage to the item(s) until opening the package, the damage is called a concealed loss because it wasn't visible at the time of delivery.

    Consignee - The receiver of a freight shipment is known as the consignee.

    Consolidation - When two or more shipments are combined to save money on freight shipping costs, the freight is referred to as a consolidation.

    Container - A container looks like a truck trailer with no wheels and is now among the most common freight shipping methods in the United States and abroad. Containers are used for intermodal transportation and come in standard sizes to ensure they fit on standard trucks, rail cars and ships.

    Cross-Town - When a container or trailer is delivered from one railroad as part of the shipping route, the move is called cross-town shipping.

    Cubic Capacity - The total freight load capacity of any truck, train or ship is measured in cubic feet, and therefore the carrying capacity is known in the industry as cubic capacity.

    Customs Broker - A person or company who is licensed by the U.S. Treasury Department to act on behalf of freight importers and exporters with respect to U.S. Customs transactions.

  • E

    Embargo - An embargo is any event that prevents the freight from being accepted or handled. Embargo events include floods, tornadoes or congested highways.

    Exceptions - When a problem such as shortage or damage is noted at the time of delivery, an exception is noted on the delivery sheet before it is signed to designate that there was a problem with the shipment.

  • G

    Gross Vehicle Weight - The total weight of the transport and its cargo is called the gross vehicle weight or GVW.

  • I

    Inbound - Shipments coming from vendors to a storage facility is referred to as inbound freight.

    Interchange - The transfer of freight from one carrier to another is referred to as interchange or interline shipping.

    Intermodal Transportation - A rail term for when freight is shipped using two or more modes of transportation, the shipment is referred to as intermodal transportation.

  • N

    Nested - A term used in less than truckload or LTL shipping in which materials are stacked so that one item goes inside another. Nested freight reduces the amount of space taken up by the combined freight and makes LTL shipping more efficient as a result.

    Not Otherwise Indicated (NOI) - A general class rate or Not Otherwise Indicated NOI is assigned to any freight that has no rate listed in the NMFC.

  • T

    Tariff - A tariff establishes the cost and contract of freight shipment for the shipper and the carrier.

    Through Rate - A through rate applies to the distance between the point of origin and the delivery destination.

    Time-Critical - A freight shipment is termed time-critical when the delivery is set to the earliest possible time.

    Time-Definite - Time definite deliveries guarantee that the delivery will occur on a specific day or time of day.

    Transit Time - The total time from pick up to delivery.

    Truckload (TL) - A truckload is defined as freight weighing 23,000 pounds or more or that occupies half or more than the trailer's capacity.

  • V

    Volume Rate - A less than truckload or LTL term for rates that are specifically made subject to a minimum weight of 7,000 pounds or more or cubic volume exceeding 750 cubic feet.

  • W

    Warehousing - Warehousing refers to the storage of goods for a specified period of time.