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.

Zone of Reasonableness

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.

VSA

Vessel Sharing Agreement.

Wall-to-Wall Inventory

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.

Warehouse

Storage place for products. Principal warehouse activities include receipt of product, storage, shipment, and order picking.