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GLOSSARY

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

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FCL/LCL
Full Container Load / Less-than-Container Load
First mile delivery
Movement of products from a production facility to a warehouse or courier managing delivery to the end user
Flexitank
A bladder pouch or bag that can be filled with bulk liquids and fitted into a standard-sized shipping container
Free On Board (FOB)
A term specifying the point at which the buyer or the seller is responsible for the good being transported.
Freight All Kinds (FAK)
A pricing system that combines different classes of shipments into a given classification to be transported as a single shipment at a fixed rate
Fuel surcharge
An extra fee charged by the transport company to cover the fluctuating cost of fuel.