Exhaust brake

1) Form of brake on heavy vehicles whereby the back pressure through the exhaust system is used to operate a retarder applied to the propeller shaft between the gearbox and back axle.

Exel

1) Worldwide UK logistics operator. Exel plc was formed from merger of Exel Logistics and the Ocean Group (shipping specialists).

Exchange control

1) Means by which national states control outflow of their own currency and inflows of other currencies. The UK abolished exchange controls in 1979 and all such controls within the EC have disappeared with the implementation of the Single European Market.

Excess stock

1) Any quantity of inventory, either held or on order, which exceeds known or anticipated forward demand to such a degree that disposal action should be considered. (Source: ILT Supply-Chain Inventory Management SIG)

Exceptional hardship

1) Plea by convicted road traffic offender for the Court not to disqualify him from driving. Applicant may put forward reasons, but only of exceptional hardship, as to why he should not be disqualified. Same reasons cannot be used twice in under three years.

EVB

1) Exhaust valve brake. Increases the braking generated by conventional exhaust brake – product of MAN Trucks.