by Danya Rielly | Nov 11, 2022 | Glossary
GLOSSARY LTL: Less-Than-Truckload What does less-than-truckload mean? Less-than-truckload (LTL), also known as less-than-load or less-than-load, is a type of shipping service for relatively small loads or quantities of freight. Numerous large, national parcel services...
by Danya Rielly | Nov 9, 2022 | Glossary
GLOSSARY JIT: Just-in-Time Delivery Just-in-Time (JIT) is a production and logistics management strategy. It means that the material needed for production is delivered precisely when it is needed, as the name suggests. Just-in-Time refers to when a shipment reaches...
by Danya Rielly | Nov 9, 2022 | Glossary
GLOSSARY ICC: Interstate Commerce Commission The Interstate Commerce Commission, first established in 1887, was the first agency that regulated railroad transportation between states. Congressional legislation known as the Interstate Commerce Act created the...
by Danya Rielly | Nov 8, 2022 | Glossary
GLOSSARY Detention When a container is offloaded from a ship, transported from the port to a specified location (often a warehouse), and then unloaded, detention refers to the fees paid if it is not returned, either to the port or to an empty container depot, within a...
by Danya Rielly | Nov 8, 2022 | Glossary
GLOSSARY ISO: International Organization of Standardization The International Organization for Standardization (ISO) is a non-governmental, independent international organization that creates standards to guarantee the effectiveness, efficiency, and quality of goods,...
by Danya Rielly | Nov 8, 2022 | Glossary
GLOSSARY IATA: International Air Transport Association What does IATA stand for? The International Air Transport Association (IATA), the global trade association for the world’s airlines. Ready to digitize and modernize your shipping operations?See how Magaya can...
