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lading:
The
cargo carried in a transportation vehicle.
land
bridge:
The movement of containers by ship-rail-ship on Japan-to-Europe moves;
ships move containers to the U.S. Pacific Coast, rails move containers to an
East Coast port, and ships deliver containers to Europe.
land
grants:
Grants of land given to railroads to build tracks during their
development stage.
landed
cost:
The total cost of a product delivered at a given location; the production
cost plus the transportation cost to the customer's location.
lash
barges:
Covered barges that carriers load on board oceangoing ships for movement
to foreign destinations.
LASH Vessel:
A ship
measuring at least 820 feet long with a deck crane able to load and unload
barges through a stern section that projects over the water. The acronym LASH
stands for Lighter (barge) Aboard Ship.
Last Updated:
A date and
time stamp that is recorded when a field or record was last modified by the
user.
LCL:
Less than carload rail service; less than container
load.
LCL:
See Less than Container Load.
lead
time:
The total time that elapses between an order's placement and its receipt.
It includes the time required for order transmittal, order processing, order
preparation, and transit.
Leg:
A leg has an origin,
destination, and carrier and is composed of all consecutive segments of a route
booked through the same carrier. Also called Bookable Leg.
Less than Container Load (LCL):
A term used when goods do not completely
occupy an entire container. When many shipper's goods occupy a single container,
each shipper's shipment is considered to be LCL.
Less than Truck Load (LTL):
The same as Less than Container Load, but in
reference to trucks instead of containers.
lessee:
A person or firm to whom a lessor grants a
lease.
lessor:
A person or firm that grants a lease.
Letter of
Credit (LOC):
An instrument of payment, issued by the buyer's
bank, that ensures payment to the seller.
Lift on, Lift off (LO/LO):
A method by which cargo is loaded onto and
unloaded from an ocean vessel, which in this case is with a crane.
Lighter:
A barge-type
vessel used to carry cargo between shore and cargo ship. While the terms barge
and lighter are used interchangeably, a barge usually refers to a vessel used
for a long haul, while a lighter is used for a short haul.
Lighterage:
The cost of
loading or unloading a vessel by means of barges.
line
functions:
The decision-making areas companies associate with daily
operations. Logistics line functions include traffic management, inventory
control, order processing, warehousing, and packaging.
Line
Item:
A specific and unique identifier assigned to a product by the responsible
enterprise.
line-haul
shipment:
A shipment that moves between cities and over distances more than 100 to
150 miles in length.
liner
service:
International water carriers that ply fixed routes on published
schedules.
link:
The transportation method a company uses to connect nodes
(plants, warehouses) in a logistics system.
live:
A situation in which the equipment operator stays with the
trailer or boxcar while it is being loaded or unloaded.
LO/LO:
See Lift on, Lift off.
load
factor:
A measure of operating efficiency used by air carriers to determine a
plane's utilized capacity percentage or the number of passengers divided by the
total number of seats.
Load Tender (pick-up
request):
An offer of cargo for transport by a shipper. Load
tender terminology is primarily used in the motor industry.
loading
allowance:
A reduced rate that carriers offer to shippers
and/or consignees who load and/or unload LTL or AQ shipments.
Loading Port:
The port
where the cargo is loaded onto the exporting vessel. This port must be reported
on the Shipper's Export Declaration, Schedule D. Schedule D is used by U.S.
companies when exporting to determine which tariff is used to freight rate the
cargo for carriers with more than one tariff.
LOC:
See Letter of
Credit.
local
rate:
A rate published between two points served by one carrier.
local service
carriers:
A classification of air carriers that operate between less-populated
areas and major population centers. These carriers feed passengers into the
major cities to connect with major carriers.
Local
service carriers are now classified as national carriers.
localized raw
material:
A raw material found only in certain locations.
locational
determinant:
The factors that determine a facility's location. For
industrial facilities, the determinants include logistics.
logbook:
A daily record of the hours an interstate driver spends
driving, off duty, sleeping in the berth, or on duty but not
driving.
Logistics:
The process of
planning, implementing, and controlling procedures for the efficient and
effective storage of goods, services, and related information from the point of
origin to the point of consumption for the purpose of conforming to customer
requirements. This definition includes inbound, outbound, internal, and external
movements.
logistics
channel:
The network of intermediaries engaged in transfer, storage, handling, and
communications functions that contribute to the efficient flow of
goods.
Logistics Costs:
The
factors associated with the acquisition, storage, movement, and disposition of
goods.
logistics
data interchange (LDI):
A computerized system that electronically transmits
logistics information.
long
ton:
2,240 pounds.
lot
size:
The quantity of goods a company purchases or produces in anticipation of
use or sale in the future.
LTL:
See Less-than-Truckload.
LTL
shipment:
A less-than-truckload shipment, one weighing less than the minimum weight
a company needs to use the lower truckload rate.
lumping:
The act of assisting a motor carrier owner-operator in the
loading and unloading of property; quite commonly used in the food
industry.
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Logistic terms
