Class II Carrier
-- A classification of regulated carriers based upon annual operating revenues: Motor
carriers of property - $1-$5 million; Railroads - $10-$50 million; Motor carriers of passengers - $3 million.
Class III Carrier
-- A classification of regulated carriers based upon annual operating revenues: Motor
carriers of property - $1 million; Railroads - $10 million.
Class Rates
-- A grouping of goods or commodities under one general heading. All the items in the group
make up a class. The freight rates that apply to all items in the class are called "class rates."
Classification
-- An alphabetical listing of commodities, the class or rating into which the commodity is
placed, and the minimum weight necessary for the rate discount; used in the class rate structure.
Collect Freight
-- Freight payable to the carrier at the port of discharge or ultimate destination. The
consignee does not pay the freight charge if the cargo does not arrive at the destination.
Co-Location (Mobile Warehouse)
-- "Warehouse in a box" concept where specialized equipment can go to
almost any location to process outbound shipments.
Commercial Invoice
-- An official document created by the seller is used to indicate, among other things,
the name and address of the buyer and seller, the product(s) being shipped, and their value for customs,
insurance, or other purposes.
Commodity Code
-- A code describing a commodity or a group of commodities pertaining to goods
classification. This code can be carrier tariff or regulating in nature.
Compliance
– Meeting the standards established by law, regulation, international trade practice or other
standard widely accepted in the industry. Failure to meet compliance standards places parties at risk for
loss, or violation of statues with resulting penalties.
Consign
-- To entrust with or place something in the care of another.
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