1A
What does the acronym LTL stands for?
Less-than-truckload
Which two agencies the trucking industry is subject to regulations from?
Federal Motor Carrier Safety Administration, and US Department of Transportation
What is the Articles of Organization?
an official document that outlines basic details about a company
Name four factors that determine shipping rates?
fuel cost, accessorials, item’s total weight, item’s density season, base rate, delivery speed, flexibility, supply and demand, insurance, fees, type of trailer needed, freight’s length, current weather condition, and disruptions
What does the three letter word “Tex” in Big Tex mean?
Texas
What does each letter in the formula: LxWxH stands for?
Length, width, height
How much does it cost to obtain operating authority?
$300
Give an example of an accessorial fee
truck order not used, detainment, all other special requests
Which 7 states (excluding your own state) will you transact business?
Georgia, Kentucky, Tennessee, North Carolina, Pennsylvania, Virginia, West Virginia, Florida
For a small fee, what are two duties a factoring company is tasked with doing?
invoice payment processing and collection
What does the acronym for GCWR stands for?
Gross Combined Vehicle Weight Rating, or the maximum total combined weight of both the vehicle and trailer
What does the acronym VLTL stands for?
Volume less-than-truckload
What is a BOC-3 filing?
Designation of Agents for Service of Process
What number identifies carriers operating in interstate and intrastate commerce?
USDOT number
What does the term consignor mean?
Recipient of goods or freight
What does “factoring” mean?
A way for truckers to receive much faster payment for their services
What does the acronym GVWR stands for?
Gross Vehicle Weight Rating, or the most weight that your vehicle can safely handle
What does the acronym CS stands for?
Credit score
Name one way a trucker find loads?
loadboard
What number is used to convert formula LxWxH from inches to feet?
12
What does the term consignor mean?
shipper of goods or freight
What number identifies a carrier who transports regulated commodities for hire in interstate commerce?
MC number
What does acronyms BOL stands for?
Bill of Lading
What is PMTC’s maximum weight limit and length?
10,000 lbs. and 40ft
What does acronym FTL stand for?
Full truckload