The freight industry has a unique lexicon, much of it rooted in a long transportation history. The vocabulary can be a bit overwhelming and confusing to a newcomer.
We’ll explore some of the most often-used terms here:
Abatement – A discount allowed for damage or overcharge
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A freight broker’s job is all about logistics. The broker liaises between manufacturers, wholesalers and distributors to ensure safe and punctual transportation of goods to the designated destination point of resale. Profit on the transactions is known as freight brokerage.
As a profession, it has its origins at the early part of the last century.Licensed brokers [...]
