Your total transportation company
         
Venture Logistics Your total transportation company
Newsletters | Glossary of Terms | Industry News
Venture Logistics Home Contact Us

Venture Logistics - Glossary of Terms
Terms - C

A - B   |   C   |   D   |   E - G   |   H - K   |   L - R   |   S - Z

C

Cabotage - Rules restricting commerce between a nation’s ports to carriers of that nation.

Carmack Act - An amendment to the IC Act that prescribes the liability of the common carrier and the bill of lading forms and provisions.

Carrier - A firm that carries freight or passengers and is compensated for performing this service.

Carrier liability - A common carrier is liable for all loss, damage, and delay with the exception of act of God, act of a public enemy, act of a public authority, act of shipper, and the inherent nature of the goods.

Cartage - Trucking within a local urban area.

Certificate of origin - A certificate used to indicate where imported goods were produced.

CIF - Cost, insurance, freight; selling terms in which the price includes the price of goods plus insurance and shipping charges.

Claim - A charge made against a carrier for loss, damage, or overcharge.

Class I carrier - A classification of regulated carriers based upon annual operating revenues; motor carriers of property - > $5 million; railroads - > $50 million; motor carriers of passengers - > $3 million.

Class II carrier - A classification of regulated carriers based upon annual operating revenues; motor carriers of property - $1 - 5 million; railroads - $10 - 50 million; motor carriers of passengers - > $3 million.

Class III carrier - A classification of regulated carriers based upon annual operating revenues; motor carriers of property - < $1 million; railroads - < $10 million.

Classification - Numbers assigned to various types of freight, based mainly on the carrier’s costs of handling that type of product, and along with weight and distance, used as a basis for determining the costs of shipment.

CLM - Council of Logistics Management

COFC - Container of flatcar.

Commodity rate - A rate for a specific commodity and its origin-destination.

Common carrier - Under a grant or authority from the government, a common carrier provides service to all in a certain area.

Common carrier obligation - Over time, common carriers have assumed four obligations to their customers: service, delivery, reasonable rates, and avoidance of discrimination.

Concealed damage - Damage that is not discovered until a package is opened.

Consignee - The designated receiver of goods.

Consignor - The shipper of the goods.

Consolidation - The combining of smaller shipments.

Container - A word with many meanings in transportation: (1) the package enclosing a product; (2) a box, approximately 8 feet wide, 8.5 feet high, and 20, 28, 35, 40, or 55 feet long, that is carried on a truck, a railcar, or a vessel; (3) a box carried aboard an airplane, sometimes with an unusual shape that fits the fuselage’s contours.

Contract carrier - A carrier that contracts with shippers for a single or multiple hauls.

Courier service - A fast door-to-door service for high-valued goods and documents; firms usually limit services to shipments of 50 pounds or less.

Cube - The volume of the shipment or package (the product of the length x width x depth).

Cube out - To load light, fluffy freight that fills up the vehicle’s space long before its weight limits are reached.

Customshouse broker - A person authorized to represent importers.

CWT - Hundredweight; 100 pounds.

A - B   |   C   |   D   |   E - G   |   H - K   |   L - R   |   S - Z

 
Home | Terminals | Services | Employment | Testimonials | Documents | Industry Info | Contact Us