Provides a carrier with detailed information and negotiated pricing prior to scheduling pickup. This practice helps ensure contract compliance and facilitates automated payments.
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A term primarily used in the motor industry, load tender is an offer of cargo for transport by a shipper.
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A shipment that transports between cities and over distances more than 150 miles.
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Less-Than-Truckload (LTL) Carriers are freight transportation companies that specialize in moving smaller shipments that do not require a full truckload. LTL shipping involves consolidating multiple small shipments from different customers…
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Double Brokering is an unethical and often illegal practice in the freight and logistics industry where a freight broker, who has already been entrusted with a shipment by a shipper,…
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A Leveraged Buyout (LBO) is a financial transaction in which a company, investor, or group of investors acquires a company using a significant amount of borrowed money (leverage) to meet…
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Concentration in a business or financial context generally refers to the degree to which a particular entity, asset, or activity is focused or concentrated in a specific area, sector, client,…
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Collections refer to the process of pursuing and recovering payments from individuals or businesses that have overdue or unpaid debts. The collections process typically begins when a payment is past…
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