I.C.C. or ICC:

An abbreviation for – 1) Interstate Commerce Commission

2) International Chamber of Commerce.

IFTA

International Fuel Tax Association – the regulating body that insures fair taxes on fuel.

Incentive Rate

A lower-than-usual tariff rate assessed because a shipper offers a greater volume than specified in the tariff. The incentive rate is assessed for that portion exceeding the normal volume.

Indemnity Bond

An agreement to hold a carrier harmless with regard to a liability.

Insurance, All-risk

This type of insurance offers the shipper the broadest coverage available, covering against all losses that may occur in transit.

Insurance Certificate

This certificate is used to assure the consignee that insurance is provided to cover loss of or damage to the cargo while in transit.

Integrated Carriers

Carriers that have both air and ground fleets; and other combinations, such as sea, rail, and truck. Since they usually handle thousands of small parcels an hour, they are less expensive and offer more diverse services than regular carriers.

Interline Freight

Freight moving from origin to destination over the Freight lines of two or more transportation carriers.

Intermediate Consignee

An intermediate consignee is the bank, forwarding agent, or other intermediary (if any) that acts in a foreign country as an agent for the exporter, the purchaser, or the ultimate consignee, for the purpose of effecting delivery of the export to the ultimate consignee.

Intermodal

Used to denote movements of cargo containers interchangeably between two or more transport modes – rail, sea, air, and road – and where the equipment is compatible within the multiple systems.

Interstate Commerce Commission

Abbreviated I.C.C. or ICC, it was the U.S. federal body charged with enforcing acts of the U.S. Congress that affect common carriers in interstate commerce. It has been replaced by the Surface Transportation Board.

Interstate Freight

Freight that moves between states.

Intrastate Freight

Freight that moves inside of the borders of a state.

Invoice

An itemized list of goods shipped to a buyer, stating quantities, prices, shipping charges, etc.

Issuing Carrier

The carrier issuing transportation documents or publishing a tariff.

JIT

An abbreviation for – Just In Time. In this method of inventory control,
warehousing is minimal or non-existent; the container is the movable warehouse and must arrive just in time; not too early nor too late.

Jake Brake

A mechanical device installed in the engine of a truck that creates drag to help in braking, thus saving the braking system from over-heating and fading.

KT

An abbreviation for – Kilo Ton, also called Metric Ton. It equals 1,000 kilos, or 2,204.6 pounds.

Kilogram

Unit of measure equal to 1,000 grams, or 2.2046 pounds.

Knocked Down (KD)

Articles which are taken apart to reduce the cubic footage displaced or to make a better shipping unit and are to be re-assembled.

Known Damage

Damage discovered before or at the time of delivery.

Known Loss

A loss discovered before or at the time of delivery of a shipment.

Lading

Refers to the freight shipped; the contents of a shipment.

LCL

An abbreviation for – 1) Less than Container Load

2) Less than Car Load.

The quantity of freight which is less than that required for the application of a:

1) container load rate

2) carload rate. Loose freight. Package freight carried loosely in a baggage / box / express car on freight or passenger trains.

Lien

A legal claim upon goods for the satisfaction of some debt or duty.

Light Weight

Empty truck and trailer.

Line haul

Shipments running from point “A” to point “B”.

Liter

A unit of measure equal to 1.06 liquid U.S. quarts, or 33.9 fluid ounces.

Live Animal

Commodities classified by IATA referring live animals such as horse, cow, also known as Livestock.

Load Boards

A source to list and find freight and empty trucks. Load boards are located in major truck stops and on the Internet.

Load Locks

Securement devices for the load on a trailer – most frequently required for reefer and high-dollar van freight.

Load Ratio

The ratio of loaded miles to empty miles that a piece of equipment – freight car, container, trailer, etc. – travels.

Logbook

A 24-hour record required and inspected by the DOT to document the amount of time a driver spends behind the wheel, loading/unloading, and even sleeping.

Logistics Equipped Trailer

A van type trailer that carries t-bars and portable flooring with straps and pads. Most logistic type trailers are used to move special freight (i.e. trade show booths, chain restaurant kitchen equipment, etc.)

Long Ton

A unit of measure equal to 2,240 pounds.

Lowboy

Heavy-duty flatbed trailer built low to the ground with smaller wheels
and is used to move high and/or heavy loads.

LTL

Abbreviation for Less-Than-Truckload.

Lumper

An individual hired by the driver to load or unload his trailer.