Ltl Terminology Quiz 1

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1. Does LTL refer to freight or parcel shipping?

Explanation

LTL refers to Less Than Truckload shipping, which is a method used for transporting relatively small freight shipments that do not require a full trailer. Unlike parcel shipping, which typically deals with smaller packages and individual items, LTL shipping involves consolidating multiple smaller shipments into a single truckload for more efficient transportation. Therefore, the correct answer is freight.

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Ltl Terminology Quiz 1 - Quiz

LTL Terminology Quiz 1 assesses knowledge of key logistics concepts within the freight management sector, focusing on terms like LTL, SCAC, and Bill of Lading. Ideal for professionals in the IntraVex work environment.

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2. First, in the context of our work at IntraVex, what does LTL stand for?

Explanation

Less Than a Truckload is a mode and also a term used to identify a shipment that takes less than a full truck and shares the truck with other goods from other shippers. The historical definition for LTL freight is shipments under 10,000 pounds.

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3. What is the PO in a PO number?

Explanation

A PO number (Purchase Order or Sales Order) is a number that shippers will include on their bill of lading so that the consignee can easily identify the goods when it arrives. PO numbers are typically required invoice data elements for payment processing.

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4. What is Freight Class related to?

Explanation

Freight Class is a means of classifying the items being shipped so as to determing the cost of shipment. The motor carrier industry defines products being shipped according to certain characteristics: density, stowability, handling and liability.

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5. What is a SCAC?

Explanation

The Standard Carrier Alpha Code (SCAC) is a unique two-to-four-letter code used to identify transportation companies. NMFTA developed the SCAC identification codes in the mid 1960's to facilitate computerization in the transportation industry.

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6. What is a Bill of Lading?

Explanation

A Bill of Lading is legal document created for a given shipment that indicates the contents, weight, destination, payment terms, and forms a contractual basis for claims or resolution between the carrier and shipper.

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7. The shipper sends a package. The __________ receives it.

Explanation

The receiver of a shipment is called the consignee - the one to whom the shipment is consigned.

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8. When we talk about tariffs at IntraVex, we are usually not referring to taxes on imports, but rather what?

Explanation

A tariff, or pricing agreemnt, is a document that sets forth the rates, charges, and other provisions pertaining to services furnished by a carrier.

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9. What does "interline" refer to?

Explanation

Interline shipments are shipments where two or more motor carriers working together to haul a shipment where the originating carrier turns over the freight to a local carrier for delivery.

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10. What is Deficit Weight?

Explanation

When the carrier adds a fee to give a better rate for freight charge, allowing a lower charge at a higher weight. Also referred to “rated with deficit weight” or “billed as weight”

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11. Invoice Number and Pro Number refer to the same thing.

Explanation

Pro number is a sequential numbering system used to identify freight bills and is also the invoice number.

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Does LTL refer to freight or parcel shipping?
First, in the context of our work at IntraVex, what does LTL stand...
What is the PO in a PO number?
What is Freight Class related to?
What is a SCAC?
What is a Bill of Lading?
The shipper sends a package. The __________ receives it.
When we talk about tariffs at IntraVex, we are usually not referring...
What does "interline" refer to?
What is Deficit Weight?
Invoice Number and Pro Number refer to the same thing.
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