A company that provides logistics services to other companies for some or all of their logistics needs. It typically includes warehousing and transportation services. Most 3PL's also have freight forwarding licenses.


Related Terms

FREIGHT

The remuneration payable by the charterers to owners, for the carriage of the goods.

MILITARY ENGINEERING

Science, art, and practice involved in design and construction of defensive and offensive military works as well as construction and maintenance of transportation systems.

INTELLIGENT TRANSPORTATION SYSTEMS

The application of advanced technologies to surface transportation problems, including traffic and transportation management, travel demand management, advanced public transportation management, electronic payment, commercial vehicle operations, emergency services management, and advanced vehicle control and safety systems. Previously known as intelligent vehicle highway systems.

IN-PLACE VALUE

The site value of property, that is, the market value of equipment plus costs of transportation to the site and subsequent installation.

FREIGHT RATE

The charge made for the transportation of freight.

VESSEL

Any craft designed for transportation on water, such as a ship or boat.

TI

Transportation institute, a non-profit organization devoted to maritime research and education.

SHIPPERS

Individuals or businesses who purchase transportation services or commodities.

PRISON HULK

A vessel used as a prison, often to hold convicts awaiting transportation to penal colonies; particularly common in the British Empire in the 18th and 19th centuries.

TROOPSHIP

A ship used to carry soldiers. Troopships are not specially designed for military operations and unlike landing ships cannot land troops directly onto a shore; instead they unload troops at a harbor or onto smaller vessels for transportation to shore.

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