Glossary

F.I.

Free In

F.I.O.

Free In and Out

F.O.

Free Out

F.O.B.

Free on Board: Export term in which the price quoted by the exporter does not include the costs of ocean transportation, but does include loading on board the vessel.

F.O.R.

Free On Rail

F.O.T.

Free On Truck

F/R

Flat Rack Container

F/V

Fishing Vessel

F1B

F1B Radio transmission designator.Telegraphy using frequency modulation = Narrow-Band Direct-Printing (Telex)(ALRS)

F1D

F1D Radio transmission designator.Data transmission using frequency modulation, with a single channel containing quantized or digital information without the use of a modulating subcarrier. (ALRS)

F2B

F2B Radio transmission designator.Telegraphy using using frequency modulation, with a single channel containing quantized or digital information with the use of a modulating sub-carrier, for automatic reception. (ALRS)

F2C

F2C Radio transmission designator.Facsimile transmission using frequency modulation, with a single channel containing quantized or digital information with the use of a modulating sub-carrier. (ALRS)

F2D

F2D Radio transmission designator.Data transmission using frequency modulation, with a single channel containing quantized or digital information with the use of a modulating sub-carrier. (ALRS)

F3C

F3C Radio transmission designator.Facsimile transmission using frequency modulation, with a single channel containing analogue information.(ALRS)

F3E

F3E Radio transmission designator.Telephony using frequency modulation.(ALRS)

FA

See Functional Acknowledgement

FAA

see Federal Aviation Administration

Fabricator

A manufacturer that turns the product of a raw materials supplier into a larger variety of products. A fabricator may turn steel rods into nuts, bolts, and twist drills, or may turn paper into bags and boxes.

FACCOP

Fast As Can Custom Of the Port.

Facilities

The physical plant, distribution centers, service centers, and related equipment.

FACS

Federation of American Controlled Shipping.

Factory Gate Pricing

a way to coordinate the flow of materials in a supply chain where the key player is taking over management of logistics. As retailers are increasing their power, they want more control of logistics. With factory gate pricing, a single organisation -often a retailer- takes responsibility of delivery from the factory gate to teh final customer.

FAF

Fuel Adjustment Factor

FAF

Fuel Adjustment Factor

FAG

A rope is fagged when the end is untwisted.

Failure Modes Effects Analysis

A pro-active method of predicting faults and failures so that preventive action can be taken.

Failure Modes Effects Analysis (FMEA)

A pro-active method of predicting faults and failures so that preventive action can be taken.

Fair Market Value

A price that would be acceptable on the open market for items or property of equivalent comparison.

Fair Return

A profit level that enables a carrier to realize a rate of return on investment or property value that the regulatory agencies deem acceptable for that level of risk.

Fair Value

The value of the carrier's property; the calculation basis has included original cost minus depreciation, replacement cost, and market value.

Fair-share Quantity Logic

In inventory management, the process of equitably allocating available stock among field distribution centers. Fair-share quantity logic is normally used when stock available from a central inventory location is less than the cumulative requirements of the field stocking locations. The use of fair-share quantity logic involves procedures that ‘push’ stock out to the field, instead of allowing the field to ‘pull’ in what is needed. The objective is to maximize customer service from the limited available inventory.

FAK

Freight All Kinds

FAK

see Freight-All-Kinds

FAL

Convention on Facilitation of International Maritime Traffic

FAR

Federal Acquisition Regulations.

FAS

See Final Assembly Schedule

FAS

See Free Along Side.

FAS

Free Alongside Ship

FASA

Federation of ASIAN Shipowners Association

FAST

see Fast and Secure Trade

Fast and Secure Trade

U.S. Customs program that allows importers on the U.S./Canada border to obtain expedited release for qualifying commercial shipments.

FB

see Freight Bill

FB/L

FIATA Combined Transport Bill of Lading

FC

Facilitation Committee (IMO)

FC&S

Free of Capture and SeizureInsurance term. Used until 1982 in all marine insurance contracts to refer to the war exclusion clause. Discontinued in the UK cargo insurance market in 1982 and in the hull insurance market in 1983 (BIMCO).

FCA

see Free Carrier

FCA

Free Carrier. A modern equivalent of FAS used in intermodal transport where goods are transferred at a nominated forwarders premises, depot or terminal but not actually on board vessel.

FCC

First Class Charterers

FCL

See Full Container Load.

FCL

Full Container Load

FCO

Financed,constructed and operated

FCR

Forwarder's Cargo Receipt

FD

Floating Dock

FD (FDIS)

Free Discharge

FD&D/FDD

Freight, Demurrage, And Deadfreight

FDD

Freight Demurrage Deadfreight

FDEDANRSAOCLONL

Freight Deemed Earned Discountless & Non-Refundable Ship &/or Cargo Lost Or Not Lost

FDESP

Free Dispatch

FDESP

Free Despatch

FDIS

Free Discharge

FDIS

Free Discharge

Feature

A distinctive characteristic of a good or service. The characteristic is provided by an option, accessory, or attachment. For example, in ordering a new car, the customer must specify an engine type and size (option), but need not necessarily select an air conditioner (attachment).

Federal Aviation Administration

The federal agency that administers federal safety regulations governing air transportation.

Federal Maritime Commission

Regulatory agency responsible for rates and practices of ocean carriers shipping to and from the United States.

Feeder

Transportation conveyance utilised to relay cargo from the mother vessel to ultimate destination or from first receipt port to mother vessel.

Feeder Railroad Development Program

Any financially responsible person (except Class I and Class II carriers) with ICC approval can acquire a rail line having a density of less than 3 million gross ton-miles per year.

FEFC

Far East Freight Conference

FEM

Finite Element Method

FEMSS

Facility Engineering Management Support System.

FEPORT

Federation of European Private Port Operators

FEU

Forty-foot equivalent unit, a standard size intermodal container.

FEU

Forty Feet Equivalent Unit

FEU

Forty-Foot Equivalent Unit (Container)

FF&E

see Furniture, Fixtures and Equipment

FFE

See Forty-foot Equivalent Unit.

FFG

see Field Finished Goods

FG

See Finished Goods Inventory.

FGI

See Finished Goods Inventory.

FHEX

Fridays, Holidays Excepted (Muslim Countries)

FHEX

Fridays, Holidays Excepted (Muslim Countries)

FHINC

Fridays, Holidays Included (Muslim Countries)

FHINC

Fridays, Holidays Included (Muslim Countries)

FIATA

International Federation of Forwarding Agent Associations

FID

A block of wood or iron, placed through the hole in the heel of a mast, and resting on the trestle-trees of the mast below. This supports the mast. Also, a wooden pin, tapered, used in splicing large ropes, in opening eyes, etc.

Field Finished Goods

Inventory which is kept at locations outside the four walls of the manufacturing plant (i.e., distribution center or warehouse) .

Field Purchase Order

A document used to order goods from a supplier for purchases limited to a certain dollar amount with purchasing authority delegated by a central procurement office.

Field Service

See After-Sale Service

Field Service Parts

Parts inventory kept at locations outside the four walls of the manufacturing plant (i.e., distribution center or warehouse.

Field Services

See After-Sale Service.

Field Warehouse

A warehouse that stores goods on the goods' owner's property while the goods are under a bona fide public warehouse manager's custody. The owner uses the public warehouse receipts as collateral for a loan.

FIFO

See First In First Out.

FIFO

First-in, First-out

File Transfer Protocol

The Internet service that transfers files from one computer to another, over standard phone lines.

Filed rate doctrine

The legal rate the common carrier may charge, is the rate published in the carrier’s tariff on file with the ICC.

Fill Rate

The percentage of order items that the picking operation actually found.

Fill Rates by Order

Whether orders are received and released consistently, or released from a blanket purchase order, this metric measures the percentage of ship-from-stock orders shipped within 24 hours of order 'release.' Make-to-stock schedules attempt to time the availability of finished goods to match forecasted customer orders or releases. Orders that were not shipped within 24 hours due to consolidation but were available for shipment within 24 hours are reported separately. In calculating elapsed time for order fill rates, the interval begins at ship release and ends when material is consigned for shipment. Calculation: [Number of orders filled from stock shipped within 24 hours or order release]/[Total number of stock orders] The same concept of fill rates can be applied to order lines and individual products to provide statistics on percentage of lines shipped completely and percentage of products shipped completely.

FILO

Free In/Liner Out

FILO

Free In/Liner Out. Seafreight with which the shipper pays load costs and the carrier pays for discharge costs.

FIN

Finland (Flag)

Final Assembly

The highest level assembled product, as it is shipped to customers. This terminology is typically used when products consist of many possible features and options that may only be combined when an actual order is received. Also see: End Item, Assemble to Order

Final Assembly Schedule

A schedule of end items to finish the product for specific customers’ orders in a make-to-order or assemble-to-order environment. It is also referred to as the finishing schedule because it may involve operations other than just the final assembly, also, it may not involve assembly, but simply final mixing, cutting, packaging, etc. The FAS is prepared after receipt of a customer order as constrained by the availability of material and capacity, and it schedules the operations required to complete the product from the level where it is stocked (or master scheduled) to the end-item level.

Final Assembly Schedule (FAS)

A schedule of end items to finish the product for specific customers' orders in a make-to-order or assemble-to-order environment. It's also referred to as the finishing schedule because it may involve operations other than just the final assembly; also, it may not involve assembly, but simply final mixing, cutting, packaging, etc. The FAS is prepared after receipt of a customer order as constrained by the availability of material and capacity, and it schedules the operations required to complete the product from the level where it is stocked (or master scheduled) to the end-item level.

Final Destination

The last stopping point for a shipment.

Finance Lease

An equipment-leasing arrangement that provides the lessee with a means of financing for the leased equipment; a common method for leasing motor carrier trailers.

Financial Lease

An equipment-leasing arrangement that provides the lessee with a means of financing for the leased equipment, a common method for leasing motor carrier trailers.

Financial Responsibility

Motor carriers must have bodily injury and property damage (not cargo) insurance of not less than $500,000 per incident per vehicle; higher financial responsibility limits apply for motor carriers transporting oil or hazardous materials.

FINCAN

EDIFACT Financial cancellation message

Finger Dock

A raised loading dock set at an acute angle of 80 degrees plus, so that trucks can be either side-loaded or end-loaded in the conventional manner.

Finished Goods Inventory

Products that are completely manufactured, packaged, stored, and ready for distribution.

Finished Goods Inventory (FG or FGI)

Products completely manufactured, packaged, stored, and ready for distribution. Also see: End Item

Finite Forward Scheduling

An equipment scheduling technique that builds a schedule by proceeding sequentially from the initial period to the final period while observing capacity limits. A Gantt chart may be used with this technique. Also see: Finite Scheduling

Finite Scheduling

A scheduling methodology where work is loaded into work centers such that no work center capacity requirement exceeds the capacity available for that work center. See: drum-buffer-rope, finite forward scheduling.

FINPAY

EDIFACT Multiple interbank funds transfer message

FINSTA

EDIFACT Financial statement of an account message

FIO

Free In Free Out.

FIOS

Free In & Out & Stowed

FIOSPT

Free In Out and Spout-Trimmed.

FIOST

Free In, Out, Stowed & Trimmed

FIOT

Free In & Out & Trimmed

FIPS

Federal Information Processing Standards.

Fire Aisle

A passageway established to aid in fighting or preventing the spread of fire or for access to fire fighting equipment.

Firewall

A computer term for a method of protecting the files and programs on one network from users on another network. A firewall blocks unwanted access to a protected network while giving the protected network access to networks outside of the firewall. a company will typically install a firewall to give users access to the Internet while protecting their internal information.

Firm Bid

A bid may that constitute a contract with a definite expiration date.

Firm Planned Order

In a DRP or MRP system, a planned order whose status has been updated to a fixed order.

First In First Out

(1) The practice of using stock from inventory on the basis of what was received first and is consumed first. (2) Warehouse term meaning first items stored are the first used. In accounting this tem is associated with the valuing of inventory such that the latest purchases are reflected in book inventory. Also see: Book Inventory

First In First Out (FIFO)

In inventory control and financial accounting, this refers to the practice of using stock from inventory on the basis of what was received first and is consumed first. Antonym: Last In First Out.

First Mover Advantage

Market innovator, putting the company in the leadership position.

First Pass Yield

The ratio of usable, specification conforming output from a process to its input, achieved without rework or reprocessing.

FIW

Free In Wagon

Fixed Costs

Costs which do not fluctuate with business volume in the short run. Fixed costs include items such as depreciation on buildings and fixtures.

Fixed interval inventory model

A setup wherein each time an order is placed for an item, the same (fixed) quantity is ordered.

Fixed Interval Order System

See Fixed Reorder Cycle Inventory Model

Fixed Order Quantity

A lot-sizing technique in MRP or inventory management that will always cause planned or actual orders to be generated for a pre-determined fixed quantity, or multiples thereof, if net requirements for the period exceed the fixed order quantity.

Fixed Order Quantity System

See Fixed Reorder Cycle Inventory Model

Fixed Overhead

Traditionally, all manufacturing costs, other than direct labor and direct materials, that continue even if products are not produced. Although fixed overhead is necessary to produce the product, it cannot be directly traced to the final product. Also see: Indirect Cost

Fixed Price Sale

A sale that is firm, cannot be negotiated.

Fixed Quantity Inventory Model

A setup wherein a company orders the same (fixed) quantity each time it places an order for an item.

Fixed Reorder Cycle Inventory Model

A form of independent demand management model in which an order is placed every ‘n’ time units. The order quantity is variable and essentially replaces the items consumed during the current time period. Let ‘M’ be the maximum inventory desired at any time, and let x be the quantity on hand at the time the order is placed. Then, in the simplest model, the order quantity will be M x. The quantity M must be large enough to cover the maximum expected demand during the lead time plus a review interval. The order quantity model becomes more complicated whenever the replenishment lead time exceeds the review interval, because outstanding orders then have to be factored into the equation. These reorder systems are sometimes called fixed-interval order systems, order level systems, or periodic review systems. Synonyms: Fixed- Interval Order System, Fixed-Order Quantity System, Order Level System, Periodic Review System, Time-Based Order System. Also see: Fixed Reorder Quantity Inventory Model, Hybrid Inventory System, Independent Demand Item Management Models,

Fixed Reorder Quantity Inventory Model

A form of independent demand item management model in which an order for a fixed quantity is placed whenever stock on hand plus on order reaches a predetermined reorder level. The fixed order quantity may be determined by the economic order quantity, by a fixed order quantity (such as a carton or a truckload), or by another model yielding a fixed result. The reorder point may be deterministic or stochastic, and in either instance is large enough to cover the maximum expected demand during the replenishment lead time. Fixed reorder quantity models assume the existence of some form of a perpetual inventory record or some form of physical tracking, e.g., a two-bin system that is able to determine when the reorder point is reached. Synonym: Fixed Order Quantity System, Lot Size System, Order Point-Order Quantity System, Quantity Based Order System. Also see: Fixed Reorder Cycle Inventory Model, Hybrid Inventory System, Independent Demand Item Management Models, Optional Replenishment Model, Order Point Order Management System

Fixed Slot

A slot reserved for a specific stock keeping unit.

Fixed-Location Storage

A method of storage in which a relatively permanent location is assigned for the storage of each item in a storeroom or warehouse. Although more space is needed to store parts than in a random-location storage system, fixed locations become familiar, and therefore a locator file may not be needed. Also see: Random-Location Storage

Fixed-Period Requirements

A lot-sizing technique that sets the order quantity to the demand for a given number of periods. Also see: Discrete Order Quantity

Fixed-Price Contract

A contract requiring that prices remain firm. During the term of such contracts the contractor must absorb any increases which would reduce the profit.

Fixed-Price Contract with Economic Price Adjustmen

A contract which allows price increase or reductions. The price increases should be based on a periodical percentage or an allowable index stated in the contract.

Flag of convenience

A shipowner registers a ship in a nation that offers conveniences in the areas of taxes, manning, and safety requirements, Liberia and Panama are two nations known for flags of convenience.

Flat

A loadable platform having no superstructure whatever but having the same length and width as the base of a container and equipped with top and bottom corner fittings. This is an alternative term used for certain types of specific purpose containers - namely platform containers and platform-based containers with incomplete structures

Flat Bed

Truck designed to haul heavy or oversized non-containerisable cargo.

Flat File

A computer term which refers to any file having fixed-record length, or in EDI, the file produced by EDI translation software to serve as input to the interface. Usually includes the same fields as the original file, but each field is expanded to its maximum length. Does not have delimiters.

Flatbed

A flatbed, also called a haul brite, is a type of trailer on a truck that consists of a floor and no enclosure.

Flatcar

A railcar without sides, used for hauling machinery.

Flexibility

Ability to respond quickly and efficiently to changing customer and consumer demands.

Flexible Specialization

A strategy based on multi-use equipment, skilled workers, innovative senior management to accommodate the continuous change that occurs in the marketplace.

Flexible-Path Equipment

Materials handling devices that include hand trucks and forklifts.

Flight Number

An identifier associated with the air equipment (plane) . Typically a combination of two letters, indicating the airline, and three or four digits indicating the number of the voyage.

Float

The time required for documents, payments, etc. to get from one trading partner to another.

Floating Cranes

Heavy duty cranes that are able to handle exceptionally heavy cargo if unable to use conventional gantry cranes.

Floating Slot

A slot that becomes available for any stock keeping unit just as soon as it is empty.

Floor Slot

Space occupied by a column or stack in a block.

Floor-Ready Merchandise

Goods shipped by suppliers to retailers with all necessary tags, prices, security devices, etc. already attached, so goods can be cross docked rapidly through retail DCs, or received directly at stores.

Floor-Ready Merchandise (FRM)

Goods shipped by suppliers to retailers with all necessary tags, prices, security devices, etc. already attached so goods can be cross docked rapidly through retail DCs, or received directly at stores.

Flow rack

‘Storage rack that utilizes shelves (metal) that are equipped with rollers or wheels. Such an arrangement allows product and materials to ”flow” from the back of the rack to the front and therein making the product more accessible for smallquantity order-picking.’

Flow Rack:

A storage method where product is presented to picking operations at one end of a rack and replenished from the opposite end.

Flow-Through Distribution

A process in a distribution center in which products from multiple locations are brought in to the D.C. and are re-sorted by delivery destination and shipped in the same day. Also known as a 'cross-dock' process in the transportation business. See Cross Docking.

FMC

Federal Maritime Commission

FMC

see Federal Maritime Commission

FMEA

see Failure Modes Effects Analysis

FMS

Fathoms

FO

Fuel Oil

FOB

A term of sale defining who is to incur transportation charges for the shipment, who is to control the shipment movement, or where title to the goods passes to the buyer; originally meant 'free on board ship.' See Free on Board.

FOB

Free On Board

FOB Destination

Title passes at destination, and seller has total responsibility until shipment is delivered.

FOB Origin

Title passes at origin, and buyer has total responsibility over the goods while in shipment.

FOC

Flag of Convenience

FOG

For Our Guidance

FOQ

Free On Quay

FOQ

Free On Truck

For-Hire Carrier

A carrier that provides transportation service to the public on a fee basis.

For-Hire Carriers

Persons or firms engaged in the transportation of goods or passengers for compensation. Classified into two general categories, specialised and general freight motor carriers.

Force Majeure

A state of emergency or condition that permits a company to depart from the strict terms of contract because of an event or effect that cannot be reasonably anticipated or controlled, i.e: beyond human control (French superior or irresistible force). Compare: ACT OF GOD, INEVITABLE ACCIDENT, VIS MAJOR.

Forecast

An estimate of future demand. A forecast can be constructed using quantitative methods, qualitative methods, or a combination of methods, and can be based on extrinsic (external) or intrinsic (internal) factors. Various forecasting techniques attempt to predict one or more of the four components of demand: cyclical, random, seasonal, and trend.

Forecast Accuracy

Measures how accurate your forecast is as a percent of actual units or dollars shipped, calculated as 1 minus the absolute value of the difference between forecasted demand and actual demand, as a percentage of actual demand.Calculation: [1-(

Forecast Cycle

Cycle time between forecast regenerations that reflect true changes in marketplace demand for shippable endproducts.

Forecasting

Predictions of how much of a product will be purchased by customers. Relies upon both quantitative and qualitative methods. Also see: Forecast.

Foreign Trade Zone

Special restricted-access commercial and industrial areas in or near ports of entry that are designated by the government for duty-free entry of any non-prohibited goods. Foreign and domestic merchandise, including raw materials, components, and finished goods may be stored, displayed, and used for manufacturing within the zone and re-exported without duties being paid. Duties are imposed only when the original goods or items manufactured from those goods pass from the zone into an area of the country subject to Customs authority.

Foreign Trade Zone (FTZ)

An area or zone set aside at or near a port or airport under the control of the US Customs Service, for holding goods duty-free pending Customs clearance.

Forklift Truck

A machine-powered device used to raise and lower freight and to move freight to different warehouse locations.

Form Utility

The value the production process creates in a good by changing the item's form.

Formal Advertising

A legal notification made public to advise that a government agency is requesting bids with a certain intention of purchase. Such advertising may be placed in newspapers or other publications meeting legal requirements.

Forty-foot equivalent unit

A standard size intermodal container.

Forward Procurement

Purchasing in larger volumes which exceed current needs. A method used when items may sometimes be in limited supply or unavailable, or to realize volume discounted pricing.

Forwarder’s Cargo Receipt

A non-negotiable document issued by a forwarder which will satisfy the legal requirements of a letter of credit. Since a forwarder is not an NVOCC it cannot issue actual bills of lading. The FCR is legally binding upon the forwarder and is an industry standard.

Forwarder's Bill of Lading

See Consolidator's Bill of Lading.

Four P’s

A set of marketing tools to direct the business offering to the customer. The four P’s are product, price, place, and promotion.

Four P's

A set of marketing tools to direct the business offering to the customer. The four P's are product, price, place, and promotion.

Four Party Logistics Provider

Businesses that manage a variety of logistics related services for clients by using Third Party Logistics Providers (3PL). The provider integrates the technology and does not perform any of the services. Differs from third party logistics in the following ways,1. 4PL organization is often a separate entity established as a joint venture or long-term contract between a primary client and one or more partners, 2. 4PL organization acts as a single interface between the client and multiple logistics service providers, 3. All aspects (ideally) of the client’s supply chain are managed by the 4PL organization, and, 4. It is possible for a major third-party logistics provider to form a 4PL organization within its existing structure.

Four Wall Inventory

The stock which is contained within a single facility or building.

Four-Wall Inventory

The stock which is contained within a single facility or building.

Fourier Series

In forecasting, a form of analysis useful for forecasting. The model is based on fitting sine waves with increasing frequencies and phase angles to a time series.

Fourth Party Logistics (4PL)

Differs from third party logistics in the following ways:
  1. 4PL organization is often a separate entity established as a joint venture or long-term contract between a primary client and one or more partners;
  2. 4PL organization acts as a single interface between the client and multiple logistics service providers;
  3. All aspects (ideally) of the client's supply chain are managed by the 4PL organization;
  4. It is possible for a major third party logistics provider to form a 4PL organization within its existing structure (Strategic Supply Chain Alignment; John Gattorna) .

FOW

Free On Wharf

FPA

Free of Particular Average. See Marine Cargo Insurance

FRC

Fuel Recovery Charge

Free Along Side (FAS)

The seller agrees to deliver the goods to the dock alongside the overseas vessel that is to carry the shipment. The seller pays the cost of getting the shipment to the dock; the buyer contracts the carrier, obtains documentation, and assumes all responsibility from that point forward.

Free Alongside Ship

A term of sale indicating that the seller is liable for all changes and risks until the goods sold are delivered to the port on a dock that will be used by the vessel. Title passes to the buyer when the seller has secured a clean dock or ship's receipt of goods.

Free Carrier

Incoterm. Title and risk pass to buyer including transportation and insurance cost when the seller delivers goods cleared for export to the carrier.Seller is obligated to load the goods on the Buyer’s collecting vehicle, it is the Buyer’s obligation to recieve the Seller’s arriving vehicle unloaded.

Free of Particular Average

See Marine Cargo Insurance.

Free On Board

Incoterm. Title and risk pass to buyer including payment of all transportation and insurance cost once delivered on board the ship by the seller. Used for sea or inland waterway transportation.

Free on Board (FOB)

Contractual terms between a buyer and a seller that define where title transfer takes place.

Free Time

The period of time allowed for the removal or accumulation of cargo before charges become applicable.

Free Trade Zone (FTZ) :

See Foreign Trade Zone.

Freezing inventory balances

‘In most cycle counting programs the term ”freezing” refers to copying the current on-hand inventory balance into the cycle count file. This may also be referred to as taking a snapshot of the inventory balance. It rarely means that the inventory is actually frozen in a way that prevents transactions from occurring.’

Freight

Goods being transported from one place to another.

Freight Bill

The carrier's invoice for payment of transport services rendered.

Freight Carriers

Companies that haul freight, also called 'for-hire' carriers. Methods of transportation include trucking, railroads, airlines, and sea borne shipping.

Freight Cashier

Responsible for collections of freight/charges/release of cargo/release of bills of ladings. (1) Person engaged in assembling, collecting, consolidating shipping and distributing less than trailerload freight. (2) Also, a person acting as an agent in the transshipping of freight to or from foreign countries and clearing freight through federal customs.

Freight Charge

The rate established for transporting freight.

Freight Collect

The freight and charges to be paid by the consignee.

Freight Consolidation

The grouping of shipments to obtain reduced costs or improved utilization of the transportation function.Consolidation can occur by market area grouping, grouping according to scheduled deliveries, or using third party pooling services such as public warehouses and freight forwarders.

Freight Forwarder

An organization which provides logistics services as an intermediary between the shipper and the carrier, typically on international shipments. Freight forwarders provide the ability to respond quickly and efficiently to changing customer and consumer demands and international shipping (import/export) requirements.

Freight Forwarders Institute

The freight forwarder industry association.

Freight Prepaid

The freight and charges to be paid by the consignor.

Freight Quotation

A quotation from a carrier or forwarder covering the cost of transport between two specified locations.

Freight Release

Evidence that the freight charges for the cargo have been paid. If in writing, it may be presented at the pier to obtain release of the cargo. Normally, once the freight is paid, freight releases are arranged without additional documentation. Also known as freight bill receipt.

Freight-All-Kinds

Consolidated cargo that is shipped at one rate. FAK cargo is usually shipped in a container filled with a variety of merchandise or commodities.

Freight-All-Kinds (FAK)

An approach to rate making whereby the ante is based only upon the shipment weight and distance; widely used in TOFC service.

FRM

see Floor-Ready Merchandise

Fronthaul

The first leg of the truck trip that involves hauling a load or several loads to targeted destinations.

Frozen Zone

In forecasting, this is the period in which no changes can be made to scheduled work orders based on changes in demand. Use of a frozen zone provides stability in the manufacturing schedule.

FTE

see Full-time Equivalents

FTL

See Full Truck Load.

FTP

File Transfer Protocol

FTP

see File Transfer Protocol

FTZ

See Foreign Trade Zone and Free Trade Zone.

FTZ

Free Trade Zones

Fuel

Actual cost of fuel for material handling equipment and delivery vehicles.

Fulfillment

The act of fulfilling a customer order. Fulfillment includes order management, picking, packaging, and shipping.

Full Container Load

(1) A delivery of cargo that fills a given container either by bulk or maximum weight. (2) Containers are charged a specific rate for ocean transit regardless of their (lack of) contents. A full container will thus offer a better price per unit shipped than will a LCL.

Full Containerload (FCL)

A term used when goods occupy a whole container.

Full Truckload

A shipment of cargo that fills a given tractor-trailer either by bulk or maximum weight.

Full Truckload (FTL)

Same as Full Containerload, but in reference to motor carriage instead of containers.

Full Visible Capacity

The trailer is loaded as full as the nature of the freight and other conditions permit, so that no more of the same type of freight can be loaded, consistent with safety and damage precautions.

Full-Service Leasing

An equipment-leasing arrangement that includes a variety of services to support the leased equipment; a common method for leasing motor carrier tractors.

Full-time Connection

A communication link between two (or more) entities which is normally maintained continuously.

Full-time Equivalents

Frequently organizations make use of contract and temporary employees, please convert contract, part-time, and temporary employees to full-time equivalents. For example, two contract employees who worked for six months full-time and a half-time regular employee would constitute 1.5 full-time equivalents. 1FTE = 2000 hours per year.

Fully Allocated Cost

The variable cost associated with a particular output unit plus a common cost allocation.

Functional Acknowledgement (FA)

A specific EDI Transaction Set (997) sent by the recipient of an EDI message to confirm the receipt of data but with no indication as to the recipient application's response to the message. The FA will confirm that the message contained the correct number of lines, etc., via control summaries, but does not report on the validity of the data.

Functional Acknowledgment

A specific EDI Transaction Set (997) sent by the recipient of an EDI message to confirm the receipt of data but with no indication as to the recipient application’s response to the message. The FA will confirm that the message contained the correct number of lines, etc. via control summaries, but does not report on the validity of the data.

Functional Group

Part of the hierarchical structure of EDI transmissions, a functional group contains one or more related transaction sets preceded by a functional group header and followed by a functional group trailer.

Functional or Performance Specification

A specification which would place emphasis on describing a result or capability to be accomplished by a commodity or service. A method of inspection or testing may be included.

Functional Silo

A view of an organization where each department or functional group is operated independently of other groups within the organization. Each group is referred to as a 'Silo.' This is the opposite of an integrated structure.

Furniture, Fixtures and Equipment

Types of items that can be arranged for installation or de-installation through a Logistics company. See FF&E.

Future order

An order entered for shipment at some future date. This may be related to new products which are not currently available for shipment, or scheduling of future needs by the customer.

FW

Free Water

FWAD

Fresh Water Arrival Draft

FWAD

Fresh Water Draft On Arrival

FWD

Forward

FWDD

Fresh Water Departure Draft

FWE

Finished With Engines

FWPCA

Federal Water Pollution Control Act

FXX

FXX Radio transmission designator.Frequency modulation of main carrier other than F1B, F3E and frequency modulation facsimile.(ALRS)

FY

Fiscal Year

FYF

Five Year Fee.

FYG

For Your Guidance

FYI

For Your Information