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The ability of the carrier to provide service between the origin and destination.
It also refers to the carrier's ability to serve the shipper or consignee's place of business. |
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The total effective demand for the nation's output of goods and services.
This can also refer to the sum of indivdual demands for a mode's or carrier's service. |
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A grouping of services offered by a carrier that may be integrated into a total package.
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| The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements. |
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| The ability of a carrier to provide service of multiple services to the shipper to meet the specific requirements of the customer. |
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| Funds or money as it passes from buyer to seller during a commericial transaction and is sometimes measured in a time relationship. |
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| A transportation company that provides freight and or passenger service to any who seeks it service. |
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| refers to the ability of a party (an individual, a firm, or a country) to produce a particular good or service at a lower opportunity cost than another party. It is the ability to produce a product with the highest relative efficiency given all the other products that could be produced. |
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| The amount that the demand for a product or service will change by the changes in price and the availability of subsitutes. |
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| defined as the application of information and communication technologies in support of all the activities of business. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business. Electronic commerce focuses on the use of ICT to enable the external activities and relationships of the business with individuals, groups and other businesses |
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| is the inherent power of the state to seize a citizen's private property, expropriate property, or seize a citizen's rights in property with due monetary compensation, but without the owner's consent. The property is taken either for government use or by delegation to third parties who will devote it to public or civic use or, in some cases, economic development. |
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| Relates to the extent of the size of a market that a firm may serve on a competitive basis. Cost of the product and freight will determine how far from its base a firm may compete effectively. |
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| The movement of goods or products from the producer or manufacturer to the user or customer. |
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| Recognition that commercial activity now spans the world and that many firms buy and sell throughout the world. |
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| The flow or movement of information or data between trading partners or companies that facilitate commerce or business |
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| The act of mixing various elements into a single group. |
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| The costs of the product at the source combined with the cost of transportation to the destination. |
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| The advantage that one supplier has over another based on the lower transportation cost due to favorable proximity to the market. |
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| A finding by transportation economist D. Lardner that when transportation costs is reduced, the area where the producer can compete is increased in a directly proportional basis. |
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| the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, shipping, and warehousing the said parts. |
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| The ease or difficulty with which people or goods are moved by the transportation network. |
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The relative use that companies make of transportation modes;
the statistics include ton-miles, passenger miles, and revenue |
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A measure of output for passenger transportation that reflects the number of passengers transported and the distance traveled.
A multiplication of passengers hauled and distance traveled. |
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| The time period during which customers demand the greatest quantity. |
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| An economic condition where the change or increase in the price of a product or service does not produce a proportional change in demand. |
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| The relationship between prices and the demand for products and services. |
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| The geographical area of interest where a carrier focuses its sales and operational efforts. |
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| The course where goods move between the point of origin to the point of consumption. |
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A carrier selection criterion that considers the carrier transit time variation;
the consistency of the transit time the carrier produces. |
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| The actions of the carrier to protect the goods entrusted to their care from loss or damage. |
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| The furnishing of an operation that fulfills the needs of the customer. |
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| Assuming no significant price differential, the mode or carrier providing the best level of service as perceived by the user will be the first choice. |
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| The systematic knowlege of a particular discipline or science. |
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| A value created by having a good or service available for sale at the time there is demand for the good or service. |
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| The total time that elapses between a shipment's pickup and its delivery. |
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The act of moving goods or people from an origin to a required destination.
It also includes the creation of time and place utilities. |
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| This refers to a form of utility that results from production, time and place utilities created by logistics. |
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| The value added to the product or service through the utility created by the logistics function. |
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