Shamrockin'
The first company established under Shamrock Trading Corporation family of brands
Ryan Transportation (1986)
True/False:
An account can be moved to the floor over their limit.
False
All inflated limits need to be researched before moving to the floor
True/False:
NOAs are sent during a buyout first fund
A dispatcher's job
Coordinate and manage loads for drivers
Funds are sent to carriers on bank holidays with this funding method
Express (RTP)
The year RTS Financial was created
1995
These limits are considered a hard limit
888 (operational hard limit) & 999 (upper management hard limit)
buyout invoices are separated from the REC/NONREC for this main reason
Aging is not accurate. We do not want to skew the debtor's credit rating.
A group of trucks traveling together
Convoy
True/False:
A RTS Financial employee can file on a broker's bond on a carrier's behalf
False. RTS can only advise where to find the bond information
The RTS Way encompasses these 3 values
Communication, Integrity and Strategy
These 2 key factors can tell us quickly if a limit is accurate
Truck Count & Fuel Data
Details of a negative balance owed on a first fund is found here
Verification spreadsheet in the buyout's shared folders
The time allowed to operate before needing to take a 30 minute break
8 cumulative hours
Lease agreements are needed for this reason
To understand who is responsible for insurance in the event of a claim
The first branch office was located here
Nashville, TN
A 111 limit indicates this
Heavy Owner Operator: 5T + 50% or more trucks leased on
What is an ETF and when is it assessed?
Early Termination Fee: a fee assessed to compensate for lost factoring income - anytime a carrier would like to end a contract early. Whether that's from a previous factor or RTS.
FMCSA stands for
Federal Motor Carrier Safety Administration
What provides an opportunity to take advantage of a fuel card with a WEX line of credit when they otherwise would not qualify?
GCL Program - guaranteed credit line
Shamrock is 1 of only 6,000 private companies in the US that offer this to employees
ESOP (Employee Stock Ownership Program)
Reefer trailers estimated monthly volume
30-40K
Important committee notes are found here
SalesForce - Prospect Summary
Average cost of a new tractor
$140k - $175k
Over Advances (OAs) are offered to what size carriers and why?
100k+ AR balance [10% of LMS can be advanced]
majority company owned fleet
practical reasons: Insurance down payments, EFL down payment, trucks or trailers not for cash flow