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To some, the trucking industry is one that's steeped in tradition, run by veterans of the industry, and not likely to change. However, recent advances in technology stand to put this perception on its head as trucking embraces recent innovations that very well may revolutionize the way this mode of transportation operates.   We'll take a closer look at three of these areas of rapid innovation in recent years. Each has the potential to significantly impact the way over-the-road transportation operates, with potential for new efficiencies, reduced equipment downtime, better decision making, and more.   While the full implementation of some of these technologies is still years off, others are in play right now. Taken together, they could...

Created by the International Chamber of Commerce, Incoterms are a series of three-letter designations that define responsibilities between buyers and sellers around the sale of goods, specifically related to transportation costs and liability. If you’re looking for more information on Incoterms, check out our other articles on this topic: The Complete Guide to All 11 of the 2010 Incoterms Rules Incoterms 2020 Rules: Everything You Need to Know Protect Your Bottom Line by Understanding These 5 Common Incoterms If you’re new to buying or selling goods, it might feel like your contract is written in another language. That the three-letter Incoterm® in your agreement is a great example. However, once you get to know your...

Created by the International Chamber of Commerce, Incoterms are a series of three-letter designations that define responsibilities between buyers and sellers around the sale of goods, specifically related to transportation costs and liability. If you’re looking for more information on Incoterms, check out our other articles on this topic: The Complete Guide to All 11 of the 2010 Incoterms Rules Incoterms 2020 Rules: Everything You Need to Know Protect Your Bottom Line by Understanding These 5 Common Incoterms When you're negotiating a contract to buy or sell goods, Incoterms® can make it easy—at least in terms of who will pay for what transportation costs. These three-letter designations instantly indicate...

Created by the International Chamber of Commerce, Incoterms are a series of three-letter designations that define responsibilities between buyers and sellers around the sale of goods, specifically related to transportation costs and liability. If you’re looking for more information on Incoterms, check out our other articles on this topic: The Complete Guide to All 11 of the 2010 Incoterms Rules Incoterms 2020 Rules: Everything You Need to Know Protect Your Bottom Line by Understanding These 5 Common Incoterms Negotiating contracts to purchase or sell goods can feel complicated—but it doesn’t have to be. That’s where Incoterms® come in. These simple, three-letter designations make it easy to understand who...

Created by the International Chamber of Commerce, Incoterms are a series of three-letter designations that define responsibilities between buyers and sellers around the sale of goods, specifically related to transportation costs and liability. If you’re looking for more information on Incoterms, check out our other articles on this topic: The Complete Guide to All 11 of the 2010 Incoterms Rules Incoterms 2020 Rules: Everything You Need to Know Protect Your Bottom Line by Understanding These 5 Common Incoterms When you're buying or selling goods, you'll encounter a fair amount of industry jargon. International commerce terms, or Incoterms®, fall squarely into that category.   However, once you understand...

While your managing and optimizing your organization’s supply chain, you’ll encounter a number of terms. Some might be old, familiar friends. Others might leave you puzzled.  Enter our Approved Glossary of Supply Chain Terms.  Below, you’ll find our definitions of some of the most common supply chain terms you’ll hear, plus links to further resources if you want to dive deeper. Use this glossary to decode the lingo you’ll hear—and sound like the supply chain expert you aspire to be.  Interested in Freight & Transportation Terms? Check out our Transportation Glossary for our definitions of freight, logistics, and transportation terms.  Read More3PL – An acronym that stands for 3rd–Party Logistics. When someone...