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Venture Logistics - Glossary of Terms
Terms - S through Z

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

S

Safety stock - A reserve inventory

Shipper - The firm or individual who ships goods to a consignee.

Shrinkage - Losses in transit or inventory that are difficult to account for.

Sleeper team - The use of two drivers to operate a truck equipped with a sleeper berth; while one drive sleeps in the berth to accumulate the mandatory off-duty time, the other drive drives.

Slipsheet - Thick sheet of cardboard placed under a unit load, instead of a conventional pallet.

Staging - Accumulating or assembling goods before sending them.

Surcharge - An add-on the applicable charges; motor carriers have a fuel surcharge and railroad can apply a surcharge to any joint rate that does not yield 110 percent of variable cost.

Stockout - Occurs when one loses a sale because of being out of stock.

T

Tare weight - The weight of an empty vehicle or container.

Tariff - A book containing carrier charges, also, charges assessed on imports.

Terminal - A carrier or public facility where freight or passengers are transferred between carriers or modes.

TEU - Twenty-foot container equivalent; a measure of oceangoing cargo.

TL - Truckload, a shipment weight the minimum weight or more. A rate reduction is given a TL size shipment.

TOFC - Trailer-on-flatcar; also know as piggyback.

Ton - In the United States, usually the short ton (2,000 pounds).

Toto authority - The authority of a private carrier to act as a common or contract carrier.

Tracing - A carrier’s attempt to find a delayed or lost shipment.

Transit time - The total time that elapses form pickup to delivery of a shipment.

V

Variable costs - Those costs that change directly with the volume of output.

W

Warehouse - A structure used to store inventory or other property.

Weigh out - To load dense freight; to reach a vehicle’s weight limits without fililng its empty space.

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