FAK
Business & Finance abbreviation · Logistics, Supply Chain & Trade
| Stands for | Freight all kinds |
|---|---|
| Categories | Business & Finance |
FAK stands for Freight all kinds, a logistics, supply chain & trade abbreviation.
Single freight rate applied regardless of the type of goods shipped, simplifying pricing for shippers with mixed commodities in LTL trucking or ocean contracts.
Example: Our FAK class 70 agreement covers everything we ship, from tools to paint.
Usage notes
In LTL, a FAK agreement lets a shipper rate all freight at one class instead of each item's class.
Related abbreviations
More logistics, supply chain & trade abbreviations
- EDI – Electronic data interchange
- EEI – Electronic Export Information
- EOQ – Economic order quantity
- EORI – Economic Operators Registration and Identification number
- ETD – Estimated time of departure
- EXW – Ex Works
- FAS – Free Alongside Ship
- FC – Fulfillment center
- FCA – Free Carrier
- FCL – Full container load
- FEFO – First expired, first out
- FEU – Forty-foot equivalent unit