Company Types
This type of company owns and operates its own ships, trucks, or planes to physically move goods from one place to another.
Carrier
The metal boxes that ships carry.
Containers
The total sales income a company generates in one year, like Mediterráneo Logistics' 15 million euros.
Annual revenue
The process of selecting specific items from inventory to fulfill customer orders.
Picking
A mistake in official shipping papers, like showing the wrong product code, is called a _______ error.
Documentation
This company doesn't own any vehicles but acts like a "travel agent for cargo," arranging transportation and handling all the paperwork for clients.
Freight Forwarder
The official process of getting authorization from government officials to import or export goods across international borders.
Customs clearance
The percentage of sales that a company keeps as profit after paying all expenses.
Profit margin
Flat platforms used for stacking and moving goods
Pallets
When companies don't have enough products in stock due to delayed deliveries
Inventory shortage
This specialist helps companies navigate international trade by preparing customs documents, calculating duties and taxes, and ensuring legal compliance.
Customs Broker
This happens at ports when too many ships arrive at once, creating delays of up to two weeks for vessels waiting to unload.
Port congestion
Money that a company owes to banks or creditors
Existing debt
The process of preparing goods for shipment by putting them in boxes or protective materials.
Packing
When equipment or vehicles break down and stop working properly, this is called a _______ failure.
Mechanical
This type of facility stores products, picks items for orders, packs them carefully, and prepares them for shipment using robotic systems.
Warehousing & Distribution Center
A group of vehicles or ships owned and operated by a single company.
Fleet
Assets like property or equipment that a company must provide to secure a bank loan.
Collateral
The system of tracking and controlling stock levels to know what products are available and where they are located.
Inventory management
Money paid to a customer to make up for losses or problems caused by shipping delays or errors.
Compensation
Mediterranean Cargo Lines owns 50 container ships. Valencia Trade Services books space with trucking companies. EuroStore Solutions has a massive warehouse. Which company is the freight forwarder?
Valencia Trade Services
The goods being transported by ship, plane, truck, or train, such as Spanish olive oil or citrus fruits.
Cargo
The percentage ownership in a company that an investor receives in exchange for their money
Equity share
Moving and managing goods within a warehouse, including picking, packing, and organizing items.
Handling
When there aren't enough qualified truck drivers available
Driver shortage