TEU (Twenty-Foot Equivalent Unit)
A standardized unit of measurement used to describe a shipping container's capacity.
Definition
A standardized unit of measurement used to describe a shipping container's capacity. One TEU equals a standard 20-foot container while a FEU (Forty-Foot Equivalent Unit) is equivalent to two TEUs. TEUs are used to measure vessel capacity terminal throughput and global trade volume
Related Terms
Third-Party Logistics (3PL)
A company that provides outsourced logistics services including transportation warehousing order fulfillment and inventory management.
Through Bill of Lading
A Bill of Lading that covers multiple stages of a shipment's journey across various modes of transportation (e.g. sea rail and truck).
TIR Carnet
A customs transit document that allows goods to move across international borders under customs seal without requiring repeated inspections at each country's checkpoint.
Tonnage
A measurement of a vessel's cargo-carrying capacity.
Tracking Number
A unique identifier assigned to a shipment that allows shippers and consignees to track cargo movement.
Transit Time
The total time required for a shipment to move from its origin to its final destination.
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