TERMINOLOGY

In Brief and In Depth explanations of logistics terminology and acronyms

Business person looking up the definition of a logistics term on the website of Universal Logistics, a Canadian freight forwarder and customs broker that also offers freight forwarding and customs brokerage services in Buffalo, New York.

The next time you encounter a logistics term or acronym you don't understand, visit our two terminology pages.

Choose the In Brief page for the most complete review of the language used by customs brokers and freight forwarders. For example, this is where you will learn what "Ad Valorem Duty" and "TEU" really mean.

Choose the In Depth page for terms and acronyms that require more explanation, such as the "Harbor Maintenance Fee" in the U.S. and "NRCan, Natural Resources Canada".

Quick Tips

Tip #37 – Recognize that additional costs in today's market place may not be avoidable, so incorporate an "allowance" for various surcharges when establishing your costing