Glossary

A business network made up of different companies, including manufacturers, supply chain partners, distributors, and occasionally financiers.

A set of quantifiable measures that a company uses to gauge its performance over time. Examples include On Time Pick-Up and On Time Delivery Performance.

The process of assembling components or parts into defined units, often done to reduce the need to maintain an inventory of pre-build, completed products.

See Key Performance Indicator (KPI).

Loaded with cargo, especially aboard a vessel.

The cargo carried in a transportation vehicle or vessel. Also, the act of loading cargo. Used most often in maritime contexts.

The total of the combined product and transportation costs, useful in comparing the total cost of a product shipped from different supply sources.

See Local Area Network (LAN).

In logistics, the movement of containers by ship-rail-ship on a route. Example: Ship from Asia to the U.S. Pacific Coast, rail to an East Coast port, ship to Europe.

The price of the product plus relevant logistics costs, such as transportation, warehousing, handling, etc.

Grants of land given to railroads to build tracks during their development stage, primarily between 1850 and 1872.

Covered barges that logistics carriers load on board oceangoing ships for movement overseas; designed to be securely lashed, or tied down, to the deck of the ship.

A ship that is designed to transport barges, with a large deck crane that can load and unload the barges through the stern section, which projects over the water.

In accounting, counts the inventory most recently produced or acquired as sold first. The most recent products purchased (or produced) are the first to be expensed.

The service for the final leg of a shipment. Usually applied to deliveries made to homes and sometimes includes set-up type services for the product delivered.

Indicates the date and time stamp that is recorded when a field or record was last modified by the user. Provides the most recent update of information.

See Less than Container Load (LCL) and Less-Than-Carload (LCL).

See Logistics Data Interchange (LDI).

Provides a single interface to coordinate multiple (all) logistics services for a client, often using other 3PLs and its own assets. See 4PL.

The time between the placement and receipt of an order. This includes the time for order transmittal, processing, preparation, and transit.

In logistics, a section of a journey that is booked through the same carrier, usually composed of consecutive segments of a route. Also called Bookable Leg.

The person or business to whom a lease is granted. The one that holds a lease, such as a tenant.

The person or business who grants a lease. The one who leases property, such as a landlord.

When goods do not occupy an entire railcar. Rail LCL rates are higher on a per-unit basis than for a full railcar but less than the cost to ship the full railcar.

When goods do not fill an entire container. Ocean LCL rates are higher on a per-unit basis than for a full container but less than the cost to ship the full container.