Logistics service providers join in a joint venture when two or more companies pool their transport capacity, expertise, and capital investments into a shared operation.
Source: https://en.wikipedia.org/wiki/Joint_venture
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.