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Cost and Freight (CFR, C&F, CNF) Cost, Insurance and Freight (CIF) The term "best way" generally implies that the shipper will choose the carrier that offers the lowest rate (to the shipper) for the shipment.
Freight Rate, the cost of transporting goods, is reflective of a number of factors aside from normal transportation costs. The main determining factors of freight rate are: mode of transportation (truck, ship, train, air craft), weight, size, distance, points of pickup and delivery, and the actual goods being shipped.
Logistics occupies a significant amount of the operational cost of an organisation or country. Logistical costs of organizations in the United States incurred about 11% of the United States national gross domestic product (GDP) as of 1997. In the European Union, logistics costs were 8.8% to 11.5% of GDP as of 1993.
Intermodal freight transport involves the transportation of freight in an intermodal container or vehicle, using multiple modes of transportation (e.g., rail, ship, aircraft, and truck ), without any handling of the freight itself when changing modes. The method reduces cargo handling, and so improves security, reduces damage and loss, and ...
In marketing, carrying cost, carrying cost of inventory or holding cost refers to the total cost of holding inventory. This includes warehousing costs such as rent, utilities and salaries, financial costs such as opportunity cost , and inventory costs related to perishability, shrinkage , and insurance. [1]
Containerization is a system of intermodal freight transport using intermodal containers (also called shipping containers, or ISO containers). Containerization, also referred as container stuffing or container loading , is the process of unitization of cargoes in exports.