Unlock the mysteries of freight terminology with our series "What's That?", where complex terms become simple. From 'Bill of Lading' to 'Demurrage,' we've got you covered. Expect clear explanations, real-world examples, and insights from industry experts. Perfect for professionals and enthusiasts alike, this series is your go-to resource for becoming a freight expert. Subscribe to learn, engage, and transform your understanding of the freight world.
What's That? Autonomous Trucks
As one of the most anticipated innovations in the logistics industry, autonomous trucks promise to reshape our highways, enhance efficiency, and redefine the global supply chain. But how do they work, and what makes them so pivotal?
April 1, 2024What's That? 4PL
Fourth-party logistics, also known as 4PL, is an operational model in which a business outsources its entire supply chain management and logistics to one external service provider. This partner oversees the supply chain, including the evaluation, design, construction, implementation, and measurement of the client's solutions.
April 1, 2024What's That? Logistics
Logistics refers to the transportation and storage of goods within a supply chain. For example, freight brokers who coordinate with a carrier to move a company’s goods are performing a logistics service.
April 1, 2024What's That? Diesel Shortage
This video offers a concise overview of the diesel shortage issue, designed to demystify this complex topic for non-experts and highlight why it remains a critical concern amidst the transition to more sustainable energy sources.
April 1, 2024What's That? JIT
In transportation and freight, Just-In-Time (JIT) inventory systems revolutionize how materials flow into assembly and manufacturing plants. By precisely coordinating demand and supply, JIT ensures materials arrive exactly when needed, minimizing inventory costs and enhancing operational efficiency.
April 1, 2024What's That? Freight Broker vs. Truck Broker
Let's start with a simple truth: there's essentially no difference between the terms 'freight broker' and 'truck broker.' However, 'freight broker' is the term you'll hear most often in the trucking industry. It's the go-to phrase for professionals, largely because freight brokers mainly work with trucks. So, yes, a 'truck broker' is just another name for a freight broker.
April 1, 2024