Terminology 1
Number on a seal that ensures that freight has not been tampered.
What is a Number Seal?
M.C. #
What is Motor Carrier Number?
A situation in which a driver delivers a load on Friday, but cannot pickup a load until Monday.
What is Layover?
A person who is hired to help a driver load or unload a trailer.
What is a Lumper?
Freight Board or Freight Matching Service
What is a Load Board?
Calculated miles when the trailer is empty
Partial Load.
What is Less Than Truckload or LTL?
What is Receiver or Destination?
Amount given to carrier or driver if detained by the loading or unloading facility.
What is detention?
Person who represents a truck company or brokerage.
Who is an agent or broker?
The quantity of freight required to fill a trailer; usually more than 10,000 pounds.
What is truckload?
The driver will pick up the load from....
What is the shipper?
3PL
What is a Third Party Logistics Company?
A legally binding agreement of pay between the freight broker and carrier.
What is Rate Confirmation?
Miles driven that earned revenue.
What are paid miles?
The amount of money you owe the carrier.
What is Accounts Payable?
The amount of money your customers owe you.
What is Accounts Receivable?
Mandated time that a driver can be on the road.
What is hours of service?
Calculated miles when the trailer is loaded.
What are loaded miles?
A paid load stop where freight is removed or dropped off.
What is a drop?
A legal document issued by the carrier to shipper that details the type, quantity and destination of the goods being carried. Also serves as a shipment receipt.
What is a BOL?
Legally binding agreement between the trucking company and the client. They provide a detailed breakdown of the services rendered.
What is a Freight Invoice or Freight Bill?
A document that serves as written evidence of the proper delivery of a shipment. This derives from the BOL.
What is the Proof of Delivery or P.O.D.?
The procedure of adding a new carrier toa brokerages' carrier list once insurance, authority, and W-9 are on file.
What is carrier on-boarding?
Fees assessed or removed after the final rate confirmation.