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Glossary of terms for phrases beginning with “J”

JOC

Journal of Commerce

A trade publication. Trade transportation journal.


Joint Rate

A rate from a point located on one transportation line to a point on another transportation line which is published in a single tariff.


Jones Act

Section 27 of the Merchant Marine Act of 1920, requiring that all shipments by water between ports in the United States (including Puerto Rico) be carried by U.S.-flag, be U.S.-built, and U.S.-crewed vessels.


Just-In-Time (JIT)

In this method of inventory control, warehousing is minimal or non-existent; the container is the moveable warehouse and must arrive "just in time," i.e. not too early and not too late.