A trade lane (or trade route) refers to a specific pathway along which goods are transported between two or more locations, typically across international borders. Trade lanes are established based on the flow of goods and the economic relationships between countries or regions. They encompass both maritime and air routes and play a crucial role in global supply chains by facilitating the movement of goods and fostering international trade.
Transit time refers to the duration it takes for goods or shipments to travel from their origin to their destination. It is a crucial metric in supply chain and logistics management, as it directly impacts delivery schedules, inventory levels, and customer satisfaction. Transit time encompasses the entire journey of a shipment, including transportation, handling, and processing at various checkpoints along the route.
Transloading refers to the process of transferring goods or cargo from one mode of transportation to another, typically from one type of truck or railcar to another, or from rail to truck and vice versa. This logistical practice is often employed to optimize transportation routes, reduce costs, and improve overall efficiency in supply chain operations.
A Transportation Management System (TMS) is a specialized software solution designed to streamline and optimize transportation and logistics operations within supply chains. It provides functionalities to effectively manage and control the movement of goods from origin to destination.
Transportation lead time refers to the duration it takes for goods to be transported from the point of origin to the final destination. It encompasses the time required for transportation activities, including loading, transit, and unloading, across various modes of transport such as road, rail, air, or sea.
A transshipment is the process of transferring goods from one transportation vehicle or vessel to another during their journey from origin to destination. It typically occurs at intermediary points along the supply chain route, where cargo is transferred between different modes of transportation, carriers or vessels.
Twenty-foot Equivalent Unit (TEU) is a standard unit of measurement used in the shipping industry to quantify the cargo-carrying capacity of container vessels. It represents the volume of a standard twenty-foot-long shipping container.
An Ultra Large Container Vessel (ULCV) is a massive container ship used on major trade routes, capable of carrying over 14,000 TEUs.
Vendor Managed Inventory (VMI) is a supply chain management strategy where the supplier or vendor takes responsibility for managing the inventory levels of their products at the customer's or retailer's location. In this arrangement, the vendor monitors the inventory levels based on agreed-upon criteria such as sales data or inventory levels, and initiates replenishment as needed.
Verified Gross Mass (VGM) is a term used in the shipping industry to refer to the total weight of a packed container, including its contents and packaging materials. It is a crucial requirement mandated by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS) convention to enhance safety in maritime transportation.
A floating structure with its own mode of propulsion designed for the transport of cargo and/or passengers. In the Industry Blueprint 1.0 "Vessel" is used synonymously with "Container vessel", hence a vessel with the primary function of transporting containers.
A vessel sharing agreement (VSA) is a cooperative arrangement between shipping companies that allows them to share space and resources on vessels for specific routes.
Vessel bunching refers to the situation where multiple vessels arrive at a port simultaneously or within a short period, leading to congestion and delays. This clustering of vessels can overwhelm port facilities, causing extended wait times for berthing, loading, and unloading operations.
A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
January 2025 Product Roundup: Track by Bill of Lading
We’re kicking off 2025 with a major improvement to freight tracking and a host of improvements that make it even easier to transition away from your Excel or Google Docs tracking spreadsheets.
Keep reading for a full rundown of what’s new in Beacon this month…
Track by Master Bill of Lading (MBOL)
In addition to tracking by container, air waybill or license plate number, you can now enter a Master Bill of Lading (MBOL) number to track all associated shipments in your Beacon portal.
One of our most requested features, you can now start tracking earlier in the process, even before containers are assigned. MBOL tracking also helps keep your visibility data clean by ensuring that you don’t accidentally pick up milestones from past or future container journeys.
Bill of lading details can be added during the add shipment flow, either by uploading a spreadsheet or copying and pasting the BoL number(s). After adding a BoL, all associated containers will start tracking.
Improved Master Data Overview
Managing tracking spreadsheets in Excel or Google Docs is a pain, and reliance on manual updates means they are constantly at risk of being out of date. Beacon helps you make these manual spreadsheets a thing of the past.
A new and improved ‘Orders & Shipments’ view lets you view and edit all your orders, shipments and associated data points in one place. The ability to toggle between card, table and map views makes it easy to view information in the way that best suits your needs.
Shipment tracking is supported on all plans, while order tracking is available exclusively for Business and Pro subscribers.
New Rolling Date Range Options on Live Boards
Live Boards cater to a host of use cases ranging from improving inbound warehouse visibility to delivering real-time shipment updates to customers.
To make them even more useful, we’ve added new rolling date range options. In addition to the existing options, you can now set dynamic filters for one and two days in the future and in the past. This makes it easier to identify shipments and POs that are about to arrive or have arrived recently.
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Sign up for your free account to discover how Beacon helps improve exception management, keep customers in the loop, streamline data and document sharing, give your warehouses real-time inbound visibility and analyze supply chain reliability.