Zone of Rate Freedom
Motor carriers may raise or lower rates by 10 percent in one year without ICC interference; if the rate change is within the zone of freedom, the rate is presumed to be reasonable.
glossary
Motor carriers may raise or lower rates by 10 percent in one year without ICC interference; if the rate change is within the zone of freedom, the rate is presumed to be reasonable.
A zone or limit within which air carriers may change rates without regulatory scrutiny; if the rate change is within the zone, the new rate is presumed to be reasonable.
Vessel Sharing Agreement.
An inventory management technique in which material enters a plant and is processed through the plant into finished goods without ever having entered a formal stock area.
Storage place for products. Principal warehouse activities include receipt of product, storage, shipment, and order picking.