Clearing house

03.07.2013 13:32

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Clearing house

1) A firm that undertakes haulage contracts by (mainly) sub-contracting the work to other vehicle operators. Many have a poor reputation as a result of paying low rates and taking a long time to settle sub-contractor accounts. Now referred to in modern terminology as ‘freight exchanges’ or ‘electronic market places’.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.42 (288 p.)


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