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A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates.
Kerry Logistics Network Limited is a listed company engaged in third party logistics, freight services, warehouse operations, and supply chain services. It was listed on 19 December 2013, raising over US$280 million, as a spin-off of Kerry Properties Limited.
In air freight, the exporter (the shipper) often engages a freight forwarder or consolidator to handle the forwarding of goods. The shipper provides a Shipper's Letter of Instructions that authorizes the forwarding agent to sign certain documents (e.g. the AWB) on behalf of the shipper.
A unit load device (ULD) is a container used to load luggage, freight, and mail on wide-body aircraft and specific narrow-body aircraft. It allows preloading of cargo , provided the containerised load fits in the aircraft, enabling efficient planning of aircraft weight and balance and reduced labour and time in loading aircraft holds compared ...
Multimodal transport (also known as combined transport) is the transportation of goods under a single contract, but performed with at least two different modes of transport; the carrier is liable (in a legal sense) for the entire carriage, even though it is performed by several different modes of transport (by rail, sea and road, for example).
FedEx Freight hub in Detroit FedEx Freight truck in Las Vegas. FedEx Freight is the largest less-than-truckload (LTL) freight carrier in the US, reporting US$8.9 billion in revenue for 2021, [25] and operates LTL and other freight services in the US and Canada.
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