Constrained Market definition

Constrained Market. An Origin Market that has been determined by UP to have insufficient container capacity to meet expected demand by both Committed and Transactional Shippers.
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Constrained Market. An Origin Market that has been determined by UP to have insufficient container capacity to meet expected demand by both Committed and Transactional Shippers. Intermediary Customers (Customers): Transportation intermediaries including Intermodal Marketing Companies (IMCs), Motor Carriers, Truck Brokers, 3PLs, etc., that are customers of Union Pacific Railroad and/or its subsidiaries including Streamline LLC, that manage intermodal freight transportation on behalf of Shippers. Lane: Refers to an origin-to-destination pair where UP provides ramp-to-ramp or door-to-door intermodal transportation service with origin and destination referring to a metropolitan area. MCP Agreement: A commercial arrangement between Union Pacific, one or more Intermediary Customers and a Shipper that documents an agreement whereby UP and the Customer(s) agree to provide committed rail container capacity and pricing in exchange for a defined volume of committed business from the Shipper. The MCP Agreement is documented by this MCP Master Agreement and an MCP Agreement Term Sheet. MCP Agreement Term Sheet: A document that is associated with an MCP Agreement that defines specific characteristics of an MCP Agreement, including the Commitment Term, Award Volume, Base Load Prices, Surge Volume Allowance rates and terms.
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Examples of Constrained Market in a sentence

  • A Volume Surcharge will be added to the Base Load Price for all Weekly Shipment Volume tendered in a Constrained Market above the weekly Base Load Volume plus Surge Volume Allowance.

  • An allowance measured as a percent above the weekly Base Load Volume for which the Base Load Price is valid in a Constrained Market.

  • For example, if the Base Load Volume is 50 loads per week and the Surge Volume Allowance is 10%, then the Surge Volume Allowance is five loads and a total of 55 (50 + 5) loads can be shipped at the Base Load Price in a Constrained Market per week.

Related to Constrained Market

  • Constrained Area means: (a) the In-City area, including any areas subject to transmission constraints within the In-City area that give rise to significant locational market power; and (b) any other area in the New York Control Area that has been identified by the ISO as subject to transmission constraints that give rise to significant locational market power, and that has been approved by the Commission for designation as a Constrained Area.

  • Transient space marketplace means an online marketplace through which a person may offer transient accommodations or hotel rooms to individuals. A “transient space marketplace” allows transient accommodations or hotel rooms to be advertised or listed through an online marketplace 1[and] in exchange for consideration or1 provides a means for a customer to arrange for the occupancy of the transient accommodation or hotel room in exchange for consideration 1[directly through the online marketplace]. A ‘transient space marketplace’ shall not include an online marketplace operated by or on behalf of a hotel or hotel corporation that facilitates customer occupancy solely for the hotel or hotel corporation’s owned or managed hotels and franchisees.1

  • Flea market means a market place, other than a dealer's location licensed under this chapter, where a space or location is provided for a fee or compensation to a seller to exhibit and offer for sale or trade, motor vehicles to the general public.

  • Regulated Market means any regulated market (as defined in Directive 2004/39/EC on markets in financial instruments).

  • Constraint or "dose constraint" means a value above which specified licensee actions are required.