Term |
Meaning |
ABC analysis |
Classification of items in an inventory according to importance defined
in terms of criteria such as sales volume and purchase volume. |
Accessibility |
A carrier's ability to provide service between an origin and a destination. |
Accessorial charges |
A carrier's charge for accessorial services such as loading, unloading, pickup, and delivery. |
Action message |
An alert that an MRP or DRP system generates to inform the controller of a situation requiring his or her attention. |
Active stock |
Goods in active pick locations and ready for order filling. |
Activity-Based Costing |
A method of cost management that identifies business activities
performed, accumulates costs associated with these activities, and uses
various cost drivers to trace costs of activities to the products. |
Advanced shipment notice |
A list transmitted to a customer or consignor designating items shipped. May also include expected time of arrival. |
Affreightment, Contract Of |
An agreement by an ocean carrier to provide cargo space on a vessel at
a specified time and for a specified price to accommodate an exporter
or importer. |
Agency Fee |
A
fee charged to the ship by the ship's agent, representing payment for
services while the ship was in port. Sometimes called attendance fee. |
Agency tariff |
A rate bureau publication that contains rates for many carriers. |
Agent |
An enterprise authorized to transact business for, or in the name of, another enterprise. |
Agglomeration |
A net advantage a company gains by sharing a common location with other companies. |
Aggregate tender rate |
A reduced rate offered to a shipper who tenders two or more class-related shipments at one time and one place. |
Air cargo |
Freight that is moved by air transportation. |
Air Carrier |
An enterprise that offers transportation service via air. |
Air taxi |
An
exempt for-hire air carrier that will fly anywhere on demand; air taxis
are restricted to a maximum payload and passenger capacity per plane. |
Air Waybill |
A
bill of lading for air transport that serves as a receipt for the
shipper, indicates that the carrier has accepted the goods listed,
obligates the carrier to carry the consignment to the airport of
destination according to specified conditions. |
Aircargo Agent |
An agent appointed by an airline to solicit and process international airfreight shipments. |
Aircargo Containers |
Containers designed to conform to the inside of an aircraft. There are
many shapes and sizes of containers. Aircargo containers fall into
three categories: 1) aircargo pallets 2) lower deck containers 3) box
type containers. |
Airport and Airway Trust Fund |
A federal fund that collects passenger ticket taxes and disburses those funds for airport facilities. |
All Water |
Term used when the transportation is completely by water. |
All-cargo carrier |
An air carrier that transports cargo only |
Any-quantity rate |
A rate that applies to any size shipment tendered to a carrier; no discount rate is available for large shipments. |
Arrival Notice |
A notice from the delivering carrier to the Notify Party indicating the
shipment's arrival date at a specific location (normally the
destination). |
Assignment |
The
transfer of rights, duties, responsibilities, and benefits of an
agreement, contract, or financial instrument to a third party. |
Audit |
In reference to freight bills, the term audit is used to determine the accuracy of freight bills. |
Auditing |
Determining the correct transportation charges due the carrier;
auditing involves checking the freight bill for errors, correct rate,
and weight. |
Average cost |
Total cost, fixed plus variable, divided by total output. |