Brokerage
This is selected by the client to specify when RTS will issue the carrier payment.
What are payment terms?
Intermodal clients typically have these instead of BOLs.
What are interchange or gate tickets?
These are the general parameters for a debtor to earn an A rating.
What is N21 w/fins?
This is a term when a client uses one MCA to close out another.
What is stacking?
These are placed on flatbed loads to prevent cargo from weather exposure.
What are tarps?
This is used to balance a brokerage purchase that does not cover the factoring fee.
What are cash reserves?
This Power BI dropdown includes information regarding Heavy Owner Ops.
What is risk?
This client credit rating falls under the $250k-$500k bucket.
What is an A rating?
These three items are needed in order to submit a MCA Review ticket.
What are contract, past 3 month bank statements and contacts?
This is placed on the doors of a trailer to ensure that the cargo has not been tampered with during transit.
What is a seal?
This Power BI dropdown includes the brokerage payables report.
What is Ad-Hoc Reports?
These HOO levels require RTS to confirm fuel usage.
What are levels 3 4 and 5 HOO?
We will submit a CR over this percentage for C6 clients with ABC debtors.
What is 20%?
This is the general maximum monthly MCA payment percentage RTS is comfortable with.
What is 10% of L30 sales?
This trailer is needed to pick/drop loads at a location without a standard delivery dock.
What is a lift gate?
This company was bought out by JB Hunt and previously employed JL1.
What is BNSF Logistics?
A CONE ticket stands for this.
Change of ownership, name and entity.
This tab in Power BI shows when a LOC will expire.
What is the concentration report?
This is an anonymous name for a filing entity on a UCC.
What is a masking company?
This is the amount required by the FMCSA for brokers to post on their surety bond.
What is $75,000
This is the term commonly used to differentiate between debtor and carrier pay.
What is margin?
New accounts must be approved by this to begin factoring.
What is committee?
What number would be entered to indicate an OPS LOC of 40%?
What is 39.99%?
This is a document that serves as a notice to RTS that an MCA company has a security interest in our receivables.
What is a lien notice?
Carriers picking up/dropping off loads in military/port terminals may need this card to enter.
What is a twic card?