Want to know what everyone is talking about? Here are some terms in the freight business to get you up to speed:
Agent – Someone who conducts business for another person and/or company with some or all decision-making authority.
Axle Load – The weight limit allowed for each axle over the nation’s highways.
Bill of Lading (BOL) – The contract between the shipper and the carrier, broker or agent that binds the parties together. It also includes all arrangements pertaining to cargo, recipients, and more.
Bulk Freight – Commodity cargo that is transported unpackaged in large quantities. It refers to material in either liquid or granular, particulate form, as a mass of relatively small solids, such as petroleum, grain, coal, or gravel.
Carrier – A person or company who transports freight for a fee.
Concealed Loss – When the recipient of a package is not able to see damage to the item(s) until the package is opened. The damage was not visible at the time of delivery.
Embargo – Any event that prevents the freight from being accepted or handled. This includes natural disasters and traffic obstacles.
Exceptions – Any conflict noted on the delivery sheet before it is signed to indicate there was an issue with the shipment.
Gross Vehicle Weight (GVW) – The total weight of the transport and its cargo.
Tariff – Institutes the cost and contract of freight shipment for the shipper and carrier.
Time-Definite – Guarantee the delivery will occur on a specific day and/or time.