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Freight Interline System
The freight interline system is a system of relations between trucking companies, rail, and airline networks. Interline freight is cargo that moves between different transportation companies on its journey from origin to consignee. An interline exchange is a contractual transfer of goods from one company to another. A shipment may be ''prepaid'' or ''collect''. If it is collect, then each carrier that ships the freight assumes responsibility for the cargo, adds its charges to the customer's bill, advances money to the previous carrier, transports the freight, and delivers it to the next carrier. The final carrier, the company which delivers the freight to its final destination, is responsible for collecting the money from the consignee before delivery. A prepaid situation would be similar with the exception that each carrier would each take out its own portion of the freight rate as it handles the freight. Also, the final carrier would not have to collect any monies, but would s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Semi-trailer
A semi-trailer is a trailer without a front axle. In the United States, the term is also used to refer to the combination of a truck and a semi-trailer; a tractor-trailer. A large proportion of a semi-trailer's weight is supported by a tractor unit, or a detachable front-axle assembly known as a dolly, or the tail of another trailer. The other portion of the semi-trailer's weight is semi-supported (half-supported) by its own wheels, which only support the rear of the semi-trailer. A semi-trailer is normally equipped with landing gear (legs which can be lowered) to support it when it is uncoupled. Many semi-trailers have wheels that are capable of being totally dismounted and are also relocatable (repositionable) to better distribute load to bearing wheel weight factors. Semi-trailers are more popular for transport than full trailers, which have both front and rear axles. Ease of backing is cited as one of the semi's chief advantages. A road tractor coupled to a semi-trailer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freight Train
Rail freight transport is the use of railroads and trains to transport cargo as opposed to human passengers. A freight train, cargo train, or goods train is a group of freight cars (US) or goods wagons (International Union of Railways) hauled by one or more locomotives on a railway, transporting cargo all or some of the way between the shipper and the intended destination as part of the logistics chain. Trains may haul bulk material, intermodal containers, general freight or specialized freight in purpose-designed cars. Rail freight practices and economics vary by country and region. When considered in terms of ton-miles or tonne-kilometers hauled per unit of energy consumed, rail transport can be more efficient than other means of transportation. Maximum economies are typically realized with bulk commodities (e.g., coal), especially when hauled over long distances. However, shipment by rail is not as flexible as by the highway, which has resulted in much freight being ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cargo Airline
Cargo airlines (or air freight carriers, and derivatives of these names) are airlines mainly dedicated to the transport of cargo by air. Some cargo airlines are divisions or subsidiaries of larger passenger airlines. In 2018, airline cargo traffic represented 262,333 million tonne-kilometres with a 49.3% load factor: % for dedicated cargo operations, and % within mixed operations (belly freight of passenger airliners). Freight rates Amid the COVID-19 pandemic, adjusted cargo capacity fell by 4.4% in February while air cargo demand also fell by 9.1%, but the near-halt in passenger traffic cut capacity even deeper as half of global air cargo is carried in passenger jets’ bellies. Air freight rates rose as a consequence, from $0.80 per kg for transatlantic cargoes to $2.50-4 per kg, enticing passenger airlines to operate cargo-only flights through the use of preighters, while cargo airlines bring back into service fuel-guzzling stored aircraft, helped by falling oil prices. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consignee
{{Admiralty law In a contract of carriage, the consignee is the Party (law), entity who is financially responsible (the buyer) for the receipt of a shipment. Generally, but not always, the consignee is the same as the receiver. If a sender dispatches an item to a receiver via a delivery service, the sender is the ''consignor'', the recipient is the ''consignee'', and the deliverer is the ''Common carrier, carrier''. A brief statement of law This is a difficult area of law, in that it regulates the mass transportation industry, which cannot always guarantee arrival on time or that good (accounting), goods will not be damaged in the course of transit. Two other problems are that unpaid consignors or freight carriers may wish to hold goods until payment is made, and that fraudulent individuals may seek to take delivery in place of the Legitimacy (criminal law), legitimate consignees. The key to resolving such disputes lies in the documentation. The standard form of contract is a b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Customs (tax)
Customs is an authority or agency in a country responsible for collecting tariffs and for controlling the flow of goods, including animals, transports, personal effects, and hazardous items, into and out of a country. Traditionally, customs has been considered as the fiscal subject that charges customs duties (i.e. tariffs) and other taxes on import and export. In recent decades, the views on the functions of customs have considerably expanded and now covers three basic issues: taxation, security, and trade facilitation. Each country has its own laws and regulations for the import and export of goods into and out of a country, enforced by their respective customs authorities; the import/export of some goods may be restricted or forbidden entirely. A wide range of penalties are faced by those who break these laws. Overview Taxation The traditional function of customs has been the assessment and collection of customs duties, which is a tariff or tax on the importation or, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Third-party Logistics Provider
Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization's use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services. Third-party logistics providers typically specialize in integrated operations of warehousing and transportation services that can be scaled and customized to customers' needs, based on market conditions, to meet the demands and delivery service requirements for their products. Services often extend beyond logistics to include value-added services related to the production or procurement of goods, such as services that integrate parts of the supply chain. A provider of such integrated services is referenced as a third-party supply chain management provider (3PSCM), or as a supply chain management service provider (SCMSP). 3PL targets particular functions within supply management, such as warehousing, transportation, or raw material provision. The global 3PL ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freight Forwarder
A freight forwarder, or forwarding agent, is a person or company who, for a fee organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution."Freight forwarder." ''Random House Unabridged Dictionary'' (1997). Random House, Inc., on Info, please. Retrieved 21 December 2012. Forwarders contract with a carrier or often multiple carriers to move the goods from one country to another. A forwarder does not move the goods but acts as an expert in the network. The carriers can use a variety of shipping modes, inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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