// ROBOTICS AND SMART FACTORIES TERM

Freight

Freight refers to goods, cargo, or products that are transported in bulk by truck, train, ship, or aircraft. It is the physical items being moved from one location to another.

Freight — illustration from Wikipedia
Image via Wikipedia

TECHNICAL DEFINITION

Freight denotes commercial goods or cargo transported in large quantities via various modes, including road (trucking), rail, sea (ocean freight), and air (air cargo), often managed by freight forwarders or carriers.

BACKGROUND

Old Dominion Freight Line, Inc. (ODFL) is an American regional/inter-regional and national less than truckload shipping (LTL) company. In addition to its core LTL services, the company offers logistics and household moving services.

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SYNONYMS & ALIASES

  • Cargo
  • goods
  • shipment
  • load
  • merchandise

USAGE NOTE

Managing freight costs and transit times is a major challenge in global supply chains.

DEVELOPERS

Organizations developing technology related to Freight.

  • Kodiak Robotics

    Develops autonomous technology for long-haul trucks, enhancing safety and efficiency in freight transportation, directly impacting manufacturing supply chains.

  • Plus

    A global provider of autonomous driving technology for heavy-duty trucks, focusing on improving the safety, efficiency, and sustainability of freight logistics.

  • FourKites

    Offers real-time supply chain visibility solutions that track freight across all modes of transport, providing predictive insights and optimizing logistics for manufacturers.

  • Project44

    Provides advanced visibility and predictive insights for global supply chains, enabling better decision-making and efficiency in freight management for industrial sectors.

  • Dematic (KION Group)

    A leading provider of integrated automated logistics solutions, including warehouse automation and material handling systems that optimize the flow of manufactured goods for freight.

  • Locus Robotics

    Develops autonomous mobile robots (AMRs) for warehouse fulfillment, significantly improving the speed and accuracy of preparing manufactured goods for shipment and freight.

  • Flexport

    A modern freight forwarder that leverages technology, data, and analytics to streamline global trade and logistics, offering enhanced visibility and efficiency for businesses shipping manufactured goods.

  • Maersk

    A global integrated logistics company that is heavily investing in digital transformation and sustainable shipping solutions to optimize global freight movement for various industries, including manufacturing.

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