OL&T: Logistics Industry Terminology

Industry Terminology

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3PL

Third-party logistics company

BPO

Business Process Outsourcing, a related sector, usually oriented to IT management

BPS

Business Process Services, the sector in which OL&T operates

Brokerage

Non-asset based carrier

Carrier Network

Network of transportation vendors vetted and approved to provide shipping service

EDI

Electronic data interchange

ERP

Enterprise Resource Planning system

Lanes

Shipping routes between an origin and destination

LSP

Logistics Service Provider

LTL

Less-than-truckload shipments

Managed Logistics Services

Comprehensive transportation services that provide a single source for managing and optimizing logistics

Modes

The means of transporting the product from source node to demand node, a.k.a. origin to destination

Multimodal

Spanning all shipping modes, including bulk/ocean, ISO tank, container, truck and rail

Origin-destination pairs

Point of pick up and point of delivery for freight

Region

Geographic locations where product is produced, stored, converted or delivered

TL

truckload shipments

TMS

Transportation Management System software application

In Partnership

  • The American Chemistry Council (ACC) extends the Responsible Care ethic and management practices throughout the entire chemical supply chain

  • Widely recognized auditing standard developed by the American Institute of Certified Public Accountants

  • Supports the highest level of cargo security through its strategic partnerships

  • Helps logistics companies assess, calculate, and track the impact of transport decisions on carbon emissions and the environment