Hub and Spoke Model

Hub and Spoke Model

Description

A logistics model where shipments are routed through central hubs.

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Transit Coverage

Insurance coverage for goods while being transported.

Third-Party Logistics (3PL)

An external provider handling logistics and supply chain tasks.

Backhaul

A return journey of a vehicle - often carrying freight.

Packing List

A term related to courier services, specifically packing list in context.

Packaging

A term related to courier services, specifically packaging in context.

Freight Prepayment

Paying for shipping costs before the shipment occurs.

Outbound Logistics

The process of sending goods out to customers.

Transportation Management System (TMS)

Software for planning and executing logistics.

Drop Shipping

A term related to courier services, specifically drop shipping in context.

Hazardous Material Handling

Specialized procedures for managing dangerous goods.

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