Entering the freight industry or simply having your property shipped across the globe is going to put you in situations in which you’d better get to know more about the terms that are being used on a daily basis. Otherwise, you can easily become a hostage of insincere freight handling companies when shipping container from Canada to Saudi Arabia. This is something that you should make sure to avoid happening. To help you get all the information and the knowledge necessary to safely swim in the sea of the freight industry, we have decided to share with you some of the common freight tracking acronyms. These should put you in touch with the general overview of what to pay attention to when setting up a deal. Obviously, these are not going to be enough to provide you with a thorough knowledge of the freight industry, so keep on learning!
Why is it important to invest the time to get to know the common freight tracking acronyms?
The common freight tracking acronyms are numerous. Also, if you are looking to ship sea cargo from Saudi Arabia to Pakistan, but have not dealt with this industry before, you are probably not going to understand 99% percent of them. Therefore, to make sure that this does not happen to you, you should invest the necessary time to get familiar with the terms characteristic for in this global industry.
Given the fact that there is a lot of ground to cover, we are going to stop with general explanations now. Keep on reading and let’s get you prepped up for common freight tracking acronyms.
The most common freight tracking acronyms that you should know
Getting to know the important common freight tracking acronyms when dealing with Jubail cargo transport is going to require time. Therefore, we are now going to introduce you to the most common ones. They are the following:
- LTL
- FTL
- PTL
- NMFC
- LG
- DV
- CNOR / CNEE
- BOL
- POD
- OS&D Report
- TONU
See, it’s not like we are going to talk about only a few of them. Therefore, let’s cut to the chase!
LTL is one of the common freight tracking acronyms
The first acronym that we are going to take a look at is LTL. LTL stands for Less than a truckload.
The main characteristic of an LTL shipment is that your goods are not transported by themselves. Given the fact that you do not have large enough load to fill the whole truck, your load is going to be added to another company’s. This is a good option since it is going to enable you to cut the Jeddah cargo transportation costs. After all, you will not be paying as much as you would as if you were obtaining the transportation service for your needs only.
FTL
FTL stands for the opposite of LDL – full truckload.
The main characteristic of FTL is that your items travel alone. Therefore, FTL is faster than LTL since the cargo will not be changing handling trucks. On the other hand, it is more expensive than LTL. Still, your goods are going to be shipped directly.
PTL
PTL stands for Partial truckload. One might ask what is the difference between PTL and LTL?
PTL is something in the middle. Imagine if you had to transport more items to Saudi Arabia than what an LTL load would be, but less than an FTL. In that case, you should be aiming for PTL. Your items are not going to change trucks along the way. However, they are not going to be accessible during the trip too.
NMFC
This acronym stands for National Motor Freight Classification.
NMFC was established in order to standardize the shipping industry. Since its establishment, the industry was divided into eighteen freight classes. They are determined by four characteristics:
- The shipment’s density
- Storability
- Handling
- Liability
LG
LG is pretty simple. It stands for a liftgate.
A liftgate is a part of a truck that is located on its rear end. It acts as a power-lifting tool enabling us to raise the pallets from the ground level to the level of the truck’s storage area. In the case that you do not have a loading dock, renting a truck with a liftgate can prove crucial in making the goods transportation process easy.
DV
Declared value is denominated with the acronym DV.
Declared value is the monetary value of the shipment as reported by the shipping company. According to this piece of information is the price of your shipping be calculated.
CNOR / CNEE
CNOR / CNEE stands for Consignor and Consignee. The consignor is the person sending the shipment. The Consignee is the receiver.
BOL
Have you ever heard of a bill of lading? If you have, then you will know that its denomination is an acronym BOL.
Bill of lading is a legally binding document signed between the consignor and the freight company. It includes names and the address, shipment details and the cost. Every freight handing company is going to issue one of these.
POD is one of the most important common freight tracking acronyms
How do you make sure that your freight shipping company has made the delivery? The Proof of Delivery is here to make sure you know this.
OS&D Report
This acronym stands for overage, shortage, and damage. This is the tool that the receiver of the shipment can use in the case that there is something wrong with the shipment.
TONU
The last one that we are going to talk about is TONU. TONU stands for truck ordered but not used. Every shipment like this one is on the consignor. In the case that you book a truck, but the shipment is not ready to go, you should expect to pay penalties.
Ready to deal with common freight tracking acronyms?
In the case that you were thinking about whether you may or may not be ready to deal with common freight tracking acronyms, you can be certain that you are all set now.
