Logistically Speaking

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