| A | B |
|---|
| inventory | amount of goods stored for future sales |
| transportaion | marketing function of moving gooods and services |
| air | most expensive form of transportation |
| exempt carriers | those that Congress has freed from direct rate regulations |
| ton-mile | a ton of something moved one mile |
| interstate | Between Michigan and Indiana |
| carload | miniumum number of pounds needed to fill a boxcar |
| common carriers | those who provide transportation for a fee |
| parcels | packages or small wrapped bundles |
| fishyback | shipping loaded truck trailers on ships or barges |
| logistics | involves transporting, storing and handling goods |
| intercity | between two locations in one city |
| FAA | This agaency regulates air transportation but NOT airline rates |
| Intracoastal | Shipping between ports on the same coast |
| Physical Distribution | In business this represents the third largest cost |
| Intermodal Transportation | Combines 2 or more transportation modes |
| Contract Carrier | Does NOT publish rates because this carrier negotiates with each customer |
| Trucking | Type of shipping that helps to reduce packaging (because it's in a safe and secure environment in itself) and inventory expense |
| Pipeline | This mode of transportation has the best safety record |
| distribution center | Sorting and moving products are the main focus here |
| Waterways | Least expensive mode of transportation |
| Air | Mode of transportation that accounts fo smallest percentage of TON-MILES moved |
| International Waterways | Varoius oceans and rivers around the world |
| Air | Fastest and most expensive mode of transportation |
| Parcel Post | How the US Post Office ships packages weighing between 1-70 pounds |
| Internal (inland) Shipping | shipping by connecting rivers and lakes |
| private carrier | Companies that own and operate their own fleet of trucks |
| Intrastate shipping | Shipping within one state |
| inventory | Goods stored in the warehouse |
