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Rail
Carrier:
An enterprise that offers service via rail carriage.
Rail Waybill:
The bill of
lading issued by rail carriers to their customers.
random access
memory (RAM):
Temporary memory on micro chips. Users can store data in
RAM or take it out at high speeds. However, any information stored in RAM disappears when the
computer is shut off.
rate basis
number:
The distance between two rate basis points.
rate basis
point:
The major shipping point in a local area; carriers consider all points in
the local area to be the rate basis point.
rate
bureau:
A carrier group that assembles to establish joint rates, to divide joint
revenues and claim liabilities, and to publish tariffs. Rate bureaus have
published single line rates, which were prohibited in 1984.
Rated Bill of Lading:
See
Freight Bill.
Rates:
Established charges
for the transport of goods.
reasonable
rate:
A rate that is high enough to cover the carrier's cost but not high
enough to enable the carrier to realize monopolistic profits.
Recapture
Clause:
A provision of the 1920 Transportation Act that
provided for self-help financing for railroads. Railroads that earned more than
the prescribed return contributed one-half of the excess to the fund from which
the ICC made loans to less profitable railroads. The Recapture Clause was
repealed in 1933.
Receipt Location:
A
location that will receive goods.
Receipt Point:
The place
where cargo enters the care and custody of the carrier.
Receiver:
An enterprise
that receives goods/services.
Reciprocity:
The practice
by which governments extend similar concessions to each other.
reconsignment:
A carrier service that permits a shipper to change the
destination and/or consignee after the shipment has reached its originally
billed destination and to still pay the through rate from origin to final
destination.
Reed-Bulwinkle Act:
Legislation that legalized common carrier joint
ratemaking through rate bureaus; extended antitrust immunity to carriers
participating in a rate bureau.
Reefer:
A container with a
self-contained refrigeration unit, used for the transportation of perishable
cargo.
reengineering:
A fundamental rethinking and radical design of business
processes to achieve dramatic improvements in performance.
refrigerated
warehouse:
A warehouse that is used to store perishable items requiring controlled
temperatures.
regional
carrier:
A for-hire air carrier, usually certificated, that has annual operating
revenues of less than $75 million; the carrier usually operates within a
particular region of the country.
regular-route
carrier:
A motor carrier that is authorized to provide service over designated
routes.
relay
terminal:
A motor carrier terminal that facilitates the substitution of one driver
for another who has driven the maximum hours permitted.
Release Approval:
A
document to advise that goods are available for further movement or action.
released-value rates:
Rates based upon the shipment's value. The
maximum carrier liability for damage is less than the full value, and in return
the carrier offers a lower rate.
reliability:
A carrier selection criterion that considers the carrier
transit time variation; the consistency of the transit time the carrier
provides.
reorder
point:
A predetermined inventory level that triggers the need to place an order.
This minimum level provides inventory to meet the demand a firm anticipates
during the time it takes to receive the order.
reparation:
A situation in which the ICC requires a railroad to repay
users the difference between the rate the railroad charges and the maximum rate
the ICC permits when the ICC finds a rate to be unreasonable or too
high.
Request:
An appeal for a
transaction of goods/services between two enterprises.
Requested
Arrival Date:
The date the shipment must arrive at the
destination.
Restricted Articles:
An
airline term referring to a hazardous material as defined by Title 49, Code of
Federal Regulations (U.S.) and Air Transport Restricted Articles Circular 6-D.
Restricted articles transported domestically may be classified as dangerous
goods when transported domestically may be classified as dangerous goods when
transported internationally by air.
Retaliation:
An action
taken by a country to restrain its imports from another country that has
increased a tariff or imposed other measures that adversely affect the first
country's exports.
reverse
logistics:
The process of collecting, moving, and storing used, damaged, or outdated
products and/or packaging from end users.
right of
eminent domain:
A concept that, in a court of law, permits a carrier to
purchase land it needs for transportation right-of-way; used by railroads and
pipelines.
RO/RO:
See
Roll-on/Roll-off.
roll-on-roll-off (RO-RO):
A type of ship designed to permit cargo to be
driven on at origin and off at destination; used extensively for the movement of
automobiles.
Route:
A complete movement
of a shipment from its origin to its destination by a carrier.
RRM:
Rapid Response
Manufacturing.
rule of
eight:
Before the Motor Carrier Act of 1980, the ICC restricted contract
carriers requesting authority to eight shippers under contract. The number of
shippers has been deleted as a consideration for granting a contract carrier
permit.
rule of
ratemaking:
A regulatory provision directing the regulatory agencies to
consider the earnings a carrier needs to provide adequate
transportation.
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Logistic terms