Glossary

Abbreviation for “Twenty foot Equivalent Unit.”

A company that provides logistics services to other companies for some or all of their logistics needs. It typically includes warehousing and transportation services. Most 3PL’s also have freight forwarding licenses.

The total rate from the point of origin to final destination.

The charge for moving a container through a container yard off or onto a ship.

A contract for leasing between the ship owners and the lessee. It would state, e.g., the duration of the lease in years or voyages.

A draft that matures either a certain number of days after acceptance or a certain number of days after the date of the draft.

Transport International par la Route. Road transport operating agreement among European governments and the United States for the international movement of cargo by road. Display of the TIR carnet allows sealed containerloads to…

Abbreviation for “Trailer Load.”

Abbreviation for “Trailer on Flat Car.” The movement of a highway trailer on a railroad flatcar. Also known as Piggyback.

– A unit used in comparing freight earnings or expenses. The amount earned from the cost of hauling a ton of freight one mile. – The movement of a ton of freight one…