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In 2017, GLS acquired the California-based parcel delivery company Golden State Overnight (GSO) Delivery Service, as well as Postal Express. [4] [5] GSO was renamed GLS-US in December 2019. [6] In September 2018 GLS acquired the Canadian parcel delivery company Dicom, expanding operations in North America and Europe. [7]
Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French "charte partie", or "parted document").
The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports. [1] It is based on the volume of a 20-foot-long (6.1 m) intermodal container, a standard-sized metal box that can be easily transferred between different modes of transportation, such as ships, trains, and trucks.
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Dockers loading bagged cargo. FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce.
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities.The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.
ISO 668 – Series 1 freight containers – Classification, dimensions and ratings is an ISO international standard which nominally classifies intermodal freight shipping containers, and standardizes their sizes, measurements and weight specifications.
As a third-party shipping provider, the company is responsible for dispatching shipments via asset-based carriers, and arranges shipment space for their customers. The company continued to expand their logistic services in 1973 and introduced the 24-hour overnight delivery services in the country later on.
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