Meaning of “transit” in the English Dictionary

"transit" in American English

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transitnoun [ U ]

us /ˈtræn·zɪt, -sɪt/

the process of moving, or the movement of goods or people from one place to another:

Our boxes are in transit and should arrive tomorrow.

(Definition of “transit” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"transit" in Business English

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transitnoun

uk /ˈtrænsɪt/ us

[ U ] US TRANSPORT a system of vehicles, for example, buses, trains, and aircraft, for getting from one place to another:

Prompt action is needed to enhance the region's transportation network, including highways and transit.
Using public transit could save the average two-adult household $6,251 each year, according to a recent study.
a transit agency/authority

[ S or U ] the activity or process of transporting goods or materials from one place to another:

transit of sth Further threats have been made to disrupt the transit of Russian gas to Europe.
transit pipelines
in transit

goods or people that are in transit are being transported from one place to another:

be damaged/lost in transit Some of the equipment was damaged in transit.

(Definition of “transit” from the Cambridge Business English Dictionary © Cambridge University Press)