Some acronyms and terms that we use at Liminal Network may be new to some of our investors
and team members.
3PL = third-party logistics - a company to which you can outsource logistics operations. Can include physical operations (warehousing, packaging, light assembly) or services like assigning carriers.
Asset-based company = a trucking company that owns or operates its own vehicles, including contracted owner-operators.
BOL = Bill of Lading
Broker = an intermediary that finds carriers for freight. May or may not be associated with an asset-based company.
CRM = customer relationship management
CSR = Customer Service Representative
ERP = enterprise resource planning
FMCSA = Federal Motor Carrier Safety Administration - United States federal government department that regulates motor carriers.
LTL = less-than-truckload
NMFC = National Motor Freight Classification
OMS = order management system
POD = Proof of Delivery
SCAC = standard carrier alpha code issued by NMFT
SMC = Southern Motor Carrier Association (maintains NMFC)
TMS = transportation management system
TPB = third-party billing, payer for freight is unrelated to shipper or consignee