CabotageThe right to transport in a specific territory. More specifically, it refers to transportation between two terminals located in the same country, irrespective of the country in which the mode providing the service is registered. Cabotage is subject to restrictions and regulations. Under such circumstances, each nation reserves for its national carriers the right to move domestic freight or passenger traffic.
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Custom BrokerThese organisations oversee the movement of goods through customs and ensure that the documentation for a shipment is complete and accurate. |
Freight ForwarderA person or a corporation that accepts less than a truckload or less than a carload shipment from shippers and combines them into carload or truckload lots. |
MergersOccur when two separate entities combine forces to create a new, joint organisation.
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CorridorA linear orientation of transport routes and flows connecting important locations that act as origins, destinations and point of transhipment. Corridors are multi-scalar entities depending on the types of flow being investigated. Thus, they can be composed of streets, highways, transit routes, rail lines, maritime lines, or air paths.
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Green CarA green/clean/eco-friendly/environmentally friendly vehicle is a road motor vehicle that produces less harmful impacts to the environment compared to conventional internal combustion engine vehicles running on gasoline or diesel.
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Hybrid VehicleA hybrid vehicle makes use of two or more distinct types of power, such as an internal combustion engine to drive an electric generator that powers an electric motor.
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MaglevShort for ‘magnetic levitation’. Technology enabling trains to move at high speeds above a guideway on a cushion generated by magnetic force. |
ManufacturingManufacturing is the production of goods through the use of labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. |
ProcurementProcurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity. |