Transit Time
The total time required for a shipment to move from its origin to its final destination.
Definition
The total time required for a shipment to move from its origin to its final destination. Transit time can vary based on transportation mode route conditions and customs processing. Managing transit times effectively helps businesses meet delivery deadlines and improve customer satisfaction
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.
Trucking Rate
The cost of transporting goods via truck calculated based on factors such as distance cargo weight fuel costs and delivery urgency.
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