Intermodal transportation is an international freight system that allows for shipments by sea, highway, rail, and air. When you’re factoring shipments that are sent by sea, the factoring company’s client is responsible for retrieving the container from the steamship. Let’s take a closer look at how this process works.
A delivery order (DO) is transmitted to a trucking company that specializes in hauling intermodal containers. The trucking company will send a driver to pick up a container from a shipyard after receiving and accepting the DO.
The driver will then receive an interchange (or an “in/out”) ticket that states that they picked up the correct container. The ticket includes the container number and will also generally include the chassis number for identification purposes.
The driver then hauls this container to its destination. The receiver will sign a bill of lading (BOL) from the trucking company, acknowledging that the container was accepted and had arrived in good condition.
Now, if the shipment is going by rail, the same process applies but with a few differences. The driver would haul the container to a rail yard, where they would take over getting the container to its destination. Instead of a signed BOL, a rail ticket is sent over to the factoring company as proof that the container was dropped off at the rail yard and was properly accepted. This ticket, like the in/out tickets, will have the container number on it for identification.
Another scenario is that the trucking company may receive a DO from the steamship line to bring the container back to their port of origination. The returned containers are then put back into the shipment cycle.
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CoreFund Capital has the experience in helping organizations and companies in a wide variety of fields. Some of the industries we serve are Freight and Transportation, Temporary Staffing and Medical to name a few.