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GLOSSARY

A glossary of widely used words in the logistics industry. Delve into the
background and meaning of these terms.

Backhaul
The return trip of a commercial truck that is transporting freight back from the current destination to its point of origin
Big data
A large volume of both structured and unstructured data that cannot be analyzed with traditional data mining techniques
Bill of Lading
A legal document issued by a carrier to a shipper as a contract of carriage of goods
Blank sailing
A scheduled sailing that has been cancelled by a carrier or shipping line so a vessel skips certain ports or even the entire route
Blockchain
A decentralized, distributed ledger of information shared digitally through a peer-to-peer network
Blue economy
The sustainable use of ocean resources for economic growth, job creation and improvement of the ocean ecosystem