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The National Motor Freight Classification (NMFC) is a North American voluntary standard that provides a comparison of commodities moving in interstate, ...
A shipping market cycle or shipping cycle is a particular type of economic cycle. These cycles correct markets when supply and demand are out of balance. Shipping markets are driven by freight rates, which can move up, move down or remain unchanged. Shipping cycles are therefore determined by the fluctuations of these freight rates.
Some terms may be used within other English-speaking countries, or within the freight industry in general (air, rail, ship, and manufacturing). For example, shore power is a term borrowed from shipping terminology, in which electrical power is transferred from shore to ship, instead of the ship relying upon idling its engines.
The term landbridge or land bridge is commonly used in the intermodal freight transport sector. When a containerized ocean freight shipment travels across a large body of land for a significant distance, that portion of the trip is referred to as the "land bridge" and the mode of transport used is rail transport. There are three applications ...
Less than truckload (LTL) cargo is the first category of freight shipment, representing the majority of freight shipments and the majority of business-to-business (B2B) shipments. LTL shipments are also often referred to as motor freight and the carriers involved are referred to as motor carriers.
Business cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions, and revivals which merge into the expansion ...
After all the hand-wringing and consternation, the first 12-team playoff is set. If three simple changes were made, there would be a lot less fretting — and it would put the sport (and the ...
Truckload shipments are used for large shipments of freight and typically run on 48 foot or 53 foot dry van trailers which hold 24 or 26 pallets respectively. If multiple truckloads are needed for a large shipment, truckload shipping generally is cheaper, faster, and less damaging to goods than booking a large number of less-than-truckload ...