Glossary
Glossary
Glossary
Glossary
A
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E
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G
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M
N
O
P
Q
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X
Y
Z
Reset
A
Accessorials
Additional fees charged beyond the basic line haul rate for extra services performed by the carrier, such as detention time, lumper fees, fuel surcharges, stop-off charges, or lift gate services.
Accounts Receivable (AR)
Outstanding invoices owed to a trucking company for completed deliveries.
Advance Rate
The percentage of an invoice that a factoring company pays upfront, typically 85-97% of the total. TruckSmarter pays 50% upfront with our Factoring Advances.
Aging Report
Document showing the status of unpaid invoices organized by time outstanding.
Air Ride
Suspension system for fragile freight.
APU (Auxiliary Power Unit)
System reducing idle time.
B
Backhaul
Return trip after delivering a load.
Belt Trailer
Built-in conveyor belt for unloading.
Bill of Lading (BOL)
Document serving as receipt of freight services.
BOC-3
Required filing designating process agents in each state.
Box Trailer
Rigid-sided enclosed trailer.
Broker
Granted authority as a licensed BROKER by the FMCSA with a Motor Carrier (MC) number permitting them to broker property across state lines. Standard brokerage authority is for brokers of property. Requirements will vary for brokers of household goods and hazardous goods.
Broker Invoice
Requesting payment from broker on behalf of the carrier. After factor pays the carrier we need to request payment from the broker and provide paperwork for the load.
C
California Legal
Compliant with California length laws.
Car Carrier
Specialized for vehicle transport.
Carrier
A person or company authorized by the Federal Motor Carrier Safety Administration (FMCSA) to transport freight for hire, identified by their DOT and MC numbers, and required to maintain proper insurance, operating authority, and safety compliance.
Carrier Invoice
How a carrier requests to get paid for a load. They must include payment details (line haul + accessorials) as well as supporting documents.
Cash Price vs. Credit Price
Different rates offered based on payment method.
Certificate of Authority (COA)
Given to drivers once they have an approved USDOT and MC.
Certificate of Insurance (COI)
Required of all drivers hauling for major brokers.
Conestoga
Flatbed with sliding tarp system (type of Dry Van).
Container Chassis
For intermodal containers.
Cost Per Mile (CPM)
The total operating expenses of running a truck (including fuel, maintenance, insurance, truck payments, and other fixed/variable costs) divided by the total number of miles driven, used to determine profitability and set rates.
Credit Check
Evaluation of a customer's payment history and financial stability.
CSA Score
Safety compliance and performance history.
Curtainside
Side-opening curtains for easy access.
D
Dead Head Miles
Distance traveled without a paying load.
Detention Time
Extra waiting time at shipping/receiving facilities.
DOT Number
Department of Transportation identification number.
Double Drop Van
Enclosed trailer with lowered deck height (type of Dry Van).
Dry Van
Standard enclosed 53' trailer for general freight. Most common equipment type, 45k lbs max.
DVIR
Driver Vehicle Inspection Report.
E
E-Track
A metal tracking system with rectangular slots installed vertically or horizontally along trailer walls, allowing straps and accessories to be quickly attached and adjusted at any point using specialized E-fittings that clip directly into the slots.
ELD
Electronic Logging Device for tracking hours of service.
End Dump
Trailer that tilts to dump material.
F
Factoring Advance
The percentage of an invoice (50%) that TruckSmarter factoring pays upfront immediately after pick up.
Factoring Rate
How much a factoring company charges in order to pay carrier faster.
FMCSA
Federal Motor Carrier Safety Administration.
Fuel Card
Special credit card for purchasing diesel with negotiated discounts.
Fuel Line of Credit
A pre-approved amount of credit extended to trucking companies by TruckSmarter that allows drivers to purchase fuel now and pay later, on a 7 day weekly period.
Fuel Network
Group of truck stops offering negotiated fuel discounts.
Fuel Surcharge (FSC)
Additional fee to cover fluctuating fuel costs.
Full Truckload (FTL)
A shipping method where the entire truck is dedicated to one shipper's freight, typically utilizing the full capacity or space of the trailer regardless of actual weight or number of pallets. Up to 45k lbs.
G
Gate Time
The time a driver enters or exits a shipping/receiving facility.
Gooseneck
Type of trailer that connects to a hitch mounted in the bed of a truck.
Governing
Speed limiting device on a truck's engine.
Granny Gear
The lowest gear in a manual transmission, used for starting heavy loads or steep grades.
Gross Combined Weight Rating (GCWR)
The maximum weight of a truck and trailer combination including all cargo.
Gross Vehicle Weight Rating (GVWR)
The maximum operating weight of a vehicle including cargo, passengers, and the vehicle itself.
H
Hopper Bottom
Bulk commodity trailer with bottom discharge.
Hot Shot Loads
Urgent deliveries requiring immediate pickup.
Hot Shot Trailer
A smaller trailer (typically 30-40 feet) pulled by a Class 3-5 truck (like an F-350) rather than a semi truck, commonly used for time-sensitive or expedited loads that don't require a full-size tractor-trailer combination.
Hours of Service (HOS)
Federal regulations that limit driving time to 11 hours within a 14-hour workday, requiring 10 consecutive hours off-duty between shifts, and limiting drivers to 60/70 hours over 7/8 consecutive days.
I
IFTA (International Fuel Tax Agreement
System for reporting fuel taxes across jurisdictions.
Intermodal Drayage
The short-distance transport of shipping containers between ports, rail yards, or inland terminals using specialized trucks, serving as the first or last leg of an intermodal container's journey that combines rail, ship, and truck transportation.
J
Jake Brake (Jacobs Engine Brake)
A compression release engine brake system that helps slow heavy trucks without using the service brakes.
Job Number
Unique identifier assigned to specific freight moves for tracking purposes.
Joint and Several Liability
Legal term where multiple parties can be held responsible in trucking accidents.
Jurisdiction
A geographic area where specific trucking regulations apply, particularly important for IFTA reporting.
Just-in-Time (JIT)
A delivery system where freight arrives exactly when needed for production or distribution.
K
K-Rail
Type of concrete barrier used on highways, also known as Jersey barrier.
King Pin
The coupling pin on the front of a semi-trailer that connects to the fifth wheel of the truck.
Kingpin Lock
Security device that prevents trailer theft by locking the kingpin.
Knock Sensor
Engine component that detects abnormal combustion.
Knox Box
A secure key storage system at facilities allowing after-hours access.
L
Landoll
Hydraulic tilt trailer for machinery (type of Dry Van).
Lane
Regular route between specific geographic points.
Less than Truckload (LTL)
A shipping method where multiple shippers share space in the same trailer, each paying only for the portion of trailer space their freight occupies.
Letter of Release (LOR)
A document issued by the original carrier or party holding the freight giving permission for another party to pick up or take possession of the cargo.
Line haul
The basic charge for transportation of freight from pickup to delivery point, typically calculated by mileage and weight.
Live Bottom
A specialized trailer equipped with a moving floor or conveyor belt system at the bottom that automatically unloads bulk materials like gravel.
Load board
An online marketplace where carriers can find available freight posted by brokers and shippers, displaying details like pickup/delivery locations, rates, weight, and equipment requirements.
Load-to-Truck Ratio
Number of available loads compared to available trucks.
Logistics Posts
Vertical posts built into the trailer walls with evenly spaced holes for attaching cargo straps or load bars, offering less flexibility in attachment points compared to E-Track but providing a more flush wall surface when not in use.
Logistics Van
Dry van with tracking rails for load securement.
Lowboy
Ultra-low deck height for heavy equipment (type of Dry Van).
Lumper receipt
A document proving payment for loading/unloading services that drivers need for reimbursement from their broker or shipper.
M
MC Number
Motor Carrier number assigned by the FMCSA that authorizes a carrier to transport regulated commodities for hire across state lines.
N
Non-Recourse Factoring
Factoring company assumes the risk if a broker or shipper doesn't pay the invoice, meaning the carrier is not responsible for paying back the advance if the customer defaults on payment.
Notice of Assignment (NOA)
Signed agreement between carrier and factoring company to prove brokers should pay factoring company instead of carrier.
O
Operating Authority
A federal permit (also called MC Number) issued by the FMCSA that gives a carrier legal permission to transport freight for hire across state lines.
Owner-Operator
A truck driver who owns and operates their own truck(s) either independently with their own authority or leased to another carrier.
P
Partial or Volume LTL
A shipment that's too large for standard LTL service (typically over 5,000-15,000 pounds or 6-12 pallets) but doesn't require a full truck.
Physical Damage
Coverage that protects against damage to your own truck and trailer from accidents, theft, fire, vandalism, or natural disasters, regardless of who is at fault.
Pintle Hook
Alternative to fifth wheel coupling.
Pneumatic Tanker
For powder or granular materials.
Pre-Pass
System allowing trucks to bypass weigh stations.
Preventive Maintenance
Regular service to prevent breakdowns.
Primary Liability
Insurance coverage required by federal law that pays for injuries or damage to third parties (other people and their property) if your truck is at fault in an accident.
Proof of Delivery (POD)
A document signed by the receiver confirming that freight was delivered in good condition.
Pup Trailer
Shorter trailer typically 28' long (type of Dry Van).
Q
Quick Pay
Option to receive payment faster for a small fee, offered by brokers or factoring companies.
R
Rack Price
Wholesale fuel price before taxes and markup.
Rate Confirmation (RateCon)
The ‘contract’ between the driver and broker listing the load details and agreed upon rate.
Rate Per Mile (RPM)
The amount paid per mile for hauling freight.
Reconciliation
Comparing and matching various financial records, including tracking which invoices have been paid by customers and confirming proper reserve releases to ensure all transactions are accurately recorded and accounted for.
Recourse Factoring
Carrier remains responsible for paying back the factoring company if the broker or shipper fails to pay the invoice, typically offered at lower rates than non-recourse factoring due to the shared risk.
Reefer (Refrigerated)
Temperature-controlled trailer.
Reserve Account
The remaining percentage held by the factoring company until the customer pays the invoice.
RGN (Removable Gooseneck)
Detachable front for ground-level loading (type of Dry Van).
Roll-Up Door
Vertically-opening trailer door that coils around a drum at the top of the trailer, commonly used in dry vans and reefers.
S
Scale ticket
A document showing a truck's weight measurements from a certified scale used to verify legal weight.
Side Dump
Trailer that dumps to the side.
Sliding Tandems
Adjustable axle position.
Spread Axle
Axles spread apart for weight distribution.
Standard Flatbed
Open deck trailer typically 48' or 53' long (type of Dry Van).
Step Deck (Drop Deck
Two-level trailer for taller freight (type of Dry Van).
Stretch Flatbed
Expandable length for oversized loads (type of Dry Van).
Swing Doors
Pair of hinged doors at the rear of a trailer that open outward from the center, commonly used on dry vans and reefers.
T
Tanker
Liquid bulk cargo transportation.
TONU (Truck Ordered Not Used)
Fee paid when a scheduled load is canceled.
U
Unified Carrier Registration (UCR)
An annual federal registration and fee program that all interstate carriers must participate in, with fees determined by the size of their fleet.
USDOT Number
Required by the FMCSA for all companies that operate commercial vehicles transporting passengers or cargo. Used to track a company's safety records, inspections, and compliance reviews.
V
V-Boards
V-shaped edge protectors for securing loads.
V-MAC
Volvo engine management system.
Van
A type of enclosed trailer used for general freight.
Velocity
Measure of how quickly freight moves through the supply chain.
Vendor
Supplier of goods or services to trucking operations.
Verification
Process of confirming delivery, payment, or compliance details.
Vertical Exhaust
Exhaust stack that runs up vertically beside the cab.
Violations
Non-compliance with DOT regulations or traffic laws.
Virtual Fleet
Network of independent carriers working together.
Visual Inspection
Required pre-trip safety check of truck and trailer.
Void Contract
Nullified agreement between carrier and shipper/broker.
Volume Load
Freight that takes up a lot of space but is relatively light.
Voucher
Document authorizing payment for services.
Voyage Policy
Type of cargo insurance for specific trips rather than providing continuous coverage, typically used for high-value or special cargo movements.
W
Walking Floor
Self-unloading system for bulk materials.
Workers' Compensation
Mandatory insurance coverage that provides medical benefits and wage replacement to drivers and employees who are injured on the job.
X
X-Dock (Cross-Dock)
Facility where freight is unloaded from incoming trucks and directly loaded onto outbound trucks with minimal storage time.
X-Out
Marking used on trailers to indicate they are out of service or not to be used.
X-Over (Crossover)
Type of fuel line connection or a highway intersection where one road passes over another.
Y
Y-Connection
Y-shaped air brake fitting that allows one air line to be split into two separate lines.
Yard
Designated area for parking or storing trucks and trailers.
Yard Dog (or Yard Jockey)
Person or specialized truck used to move trailers around a facility's yard.
Yard Move
Moving trucks/trailers within a confined area, which has special logging rules in ELDs.
Yard Tractor (or Yard Spotter)
Specialized truck designed for moving trailers in terminal yards.
Yearly DOT Inspection
Federally required annual comprehensive safety inspection of commercial vehicles by a qualified inspector that examines key components like brakes, tires, lights, and safety systems to ensure the truck meets FMCSA standards.
Z
Z-Guard
Type of cargo protection device (though less common).
Zero Defect
Quality control standard in freight handling that aims for complete accuracy in shipping, requiring no errors in loading, paperwork, delivery timing, or freight condition.
Zero Hour
Starting time for a delivery schedule.
Zero Load
Empty trailer (industry slang).
Zone
Geographic area used for determining shipping rates or fuel taxes.
Zone Rate
Pricing structure based on geographic zones.
Zone Skipping
Logistics strategy of bypassing distribution zones to reduce shipping time.
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Reset
A
Accessorials
Additional fees charged beyond the basic line haul rate for extra services performed by the carrier, such as detention time, lumper fees, fuel surcharges, stop-off charges, or lift gate services.
Accounts Receivable (AR)
Outstanding invoices owed to a trucking company for completed deliveries.
Advance Rate
The percentage of an invoice that a factoring company pays upfront, typically 85-97% of the total. TruckSmarter pays 50% upfront with our Factoring Advances.
Aging Report
Document showing the status of unpaid invoices organized by time outstanding.
Air Ride
Suspension system for fragile freight.
APU (Auxiliary Power Unit)
System reducing idle time.
B
Backhaul
Return trip after delivering a load.
Belt Trailer
Built-in conveyor belt for unloading.
Bill of Lading (BOL)
Document serving as receipt of freight services.
BOC-3
Required filing designating process agents in each state.
Box Trailer
Rigid-sided enclosed trailer.
Broker
Granted authority as a licensed BROKER by the FMCSA with a Motor Carrier (MC) number permitting them to broker property across state lines. Standard brokerage authority is for brokers of property. Requirements will vary for brokers of household goods and hazardous goods.
Broker Invoice
Requesting payment from broker on behalf of the carrier. After factor pays the carrier we need to request payment from the broker and provide paperwork for the load.
C
California Legal
Compliant with California length laws.
Car Carrier
Specialized for vehicle transport.
Carrier
A person or company authorized by the Federal Motor Carrier Safety Administration (FMCSA) to transport freight for hire, identified by their DOT and MC numbers, and required to maintain proper insurance, operating authority, and safety compliance.
Carrier Invoice
How a carrier requests to get paid for a load. They must include payment details (line haul + accessorials) as well as supporting documents.
Cash Price vs. Credit Price
Different rates offered based on payment method.
Certificate of Authority (COA)
Given to drivers once they have an approved USDOT and MC.
Certificate of Insurance (COI)
Required of all drivers hauling for major brokers.
Conestoga
Flatbed with sliding tarp system (type of Dry Van).
Container Chassis
For intermodal containers.
Cost Per Mile (CPM)
The total operating expenses of running a truck (including fuel, maintenance, insurance, truck payments, and other fixed/variable costs) divided by the total number of miles driven, used to determine profitability and set rates.
Credit Check
Evaluation of a customer's payment history and financial stability.
CSA Score
Safety compliance and performance history.
Curtainside
Side-opening curtains for easy access.
D
Dead Head Miles
Distance traveled without a paying load.
Detention Time
Extra waiting time at shipping/receiving facilities.
DOT Number
Department of Transportation identification number.
Double Drop Van
Enclosed trailer with lowered deck height (type of Dry Van).
Dry Van
Standard enclosed 53' trailer for general freight. Most common equipment type, 45k lbs max.
DVIR
Driver Vehicle Inspection Report.
E
E-Track
A metal tracking system with rectangular slots installed vertically or horizontally along trailer walls, allowing straps and accessories to be quickly attached and adjusted at any point using specialized E-fittings that clip directly into the slots.
ELD
Electronic Logging Device for tracking hours of service.
End Dump
Trailer that tilts to dump material.
F
Factoring Advance
The percentage of an invoice (50%) that TruckSmarter factoring pays upfront immediately after pick up.
Factoring Rate
How much a factoring company charges in order to pay carrier faster.
FMCSA
Federal Motor Carrier Safety Administration.
Fuel Card
Special credit card for purchasing diesel with negotiated discounts.
Fuel Line of Credit
A pre-approved amount of credit extended to trucking companies by TruckSmarter that allows drivers to purchase fuel now and pay later, on a 7 day weekly period.
Fuel Network
Group of truck stops offering negotiated fuel discounts.
Fuel Surcharge (FSC)
Additional fee to cover fluctuating fuel costs.
Full Truckload (FTL)
A shipping method where the entire truck is dedicated to one shipper's freight, typically utilizing the full capacity or space of the trailer regardless of actual weight or number of pallets. Up to 45k lbs.
G
Gate Time
The time a driver enters or exits a shipping/receiving facility.
Gooseneck
Type of trailer that connects to a hitch mounted in the bed of a truck.
Governing
Speed limiting device on a truck's engine.
Granny Gear
The lowest gear in a manual transmission, used for starting heavy loads or steep grades.
Gross Combined Weight Rating (GCWR)
The maximum weight of a truck and trailer combination including all cargo.
Gross Vehicle Weight Rating (GVWR)
The maximum operating weight of a vehicle including cargo, passengers, and the vehicle itself.
H
Hopper Bottom
Bulk commodity trailer with bottom discharge.
Hot Shot Loads
Urgent deliveries requiring immediate pickup.
Hot Shot Trailer
A smaller trailer (typically 30-40 feet) pulled by a Class 3-5 truck (like an F-350) rather than a semi truck, commonly used for time-sensitive or expedited loads that don't require a full-size tractor-trailer combination.
Hours of Service (HOS)
Federal regulations that limit driving time to 11 hours within a 14-hour workday, requiring 10 consecutive hours off-duty between shifts, and limiting drivers to 60/70 hours over 7/8 consecutive days.
I
IFTA (International Fuel Tax Agreement
System for reporting fuel taxes across jurisdictions.
Intermodal Drayage
The short-distance transport of shipping containers between ports, rail yards, or inland terminals using specialized trucks, serving as the first or last leg of an intermodal container's journey that combines rail, ship, and truck transportation.
J
Jake Brake (Jacobs Engine Brake)
A compression release engine brake system that helps slow heavy trucks without using the service brakes.
Job Number
Unique identifier assigned to specific freight moves for tracking purposes.
Joint and Several Liability
Legal term where multiple parties can be held responsible in trucking accidents.
Jurisdiction
A geographic area where specific trucking regulations apply, particularly important for IFTA reporting.
Just-in-Time (JIT)
A delivery system where freight arrives exactly when needed for production or distribution.
K
K-Rail
Type of concrete barrier used on highways, also known as Jersey barrier.
King Pin
The coupling pin on the front of a semi-trailer that connects to the fifth wheel of the truck.
Kingpin Lock
Security device that prevents trailer theft by locking the kingpin.
Knock Sensor
Engine component that detects abnormal combustion.
Knox Box
A secure key storage system at facilities allowing after-hours access.
L
Landoll
Hydraulic tilt trailer for machinery (type of Dry Van).
Lane
Regular route between specific geographic points.
Less than Truckload (LTL)
A shipping method where multiple shippers share space in the same trailer, each paying only for the portion of trailer space their freight occupies.
Letter of Release (LOR)
A document issued by the original carrier or party holding the freight giving permission for another party to pick up or take possession of the cargo.
Line haul
The basic charge for transportation of freight from pickup to delivery point, typically calculated by mileage and weight.
Live Bottom
A specialized trailer equipped with a moving floor or conveyor belt system at the bottom that automatically unloads bulk materials like gravel.
Load board
An online marketplace where carriers can find available freight posted by brokers and shippers, displaying details like pickup/delivery locations, rates, weight, and equipment requirements.
Load-to-Truck Ratio
Number of available loads compared to available trucks.
Logistics Posts
Vertical posts built into the trailer walls with evenly spaced holes for attaching cargo straps or load bars, offering less flexibility in attachment points compared to E-Track but providing a more flush wall surface when not in use.
Logistics Van
Dry van with tracking rails for load securement.
Lowboy
Ultra-low deck height for heavy equipment (type of Dry Van).
Lumper receipt
A document proving payment for loading/unloading services that drivers need for reimbursement from their broker or shipper.
M
MC Number
Motor Carrier number assigned by the FMCSA that authorizes a carrier to transport regulated commodities for hire across state lines.
N
Non-Recourse Factoring
Factoring company assumes the risk if a broker or shipper doesn't pay the invoice, meaning the carrier is not responsible for paying back the advance if the customer defaults on payment.
Notice of Assignment (NOA)
Signed agreement between carrier and factoring company to prove brokers should pay factoring company instead of carrier.
O
Operating Authority
A federal permit (also called MC Number) issued by the FMCSA that gives a carrier legal permission to transport freight for hire across state lines.
Owner-Operator
A truck driver who owns and operates their own truck(s) either independently with their own authority or leased to another carrier.
P
Partial or Volume LTL
A shipment that's too large for standard LTL service (typically over 5,000-15,000 pounds or 6-12 pallets) but doesn't require a full truck.
Physical Damage
Coverage that protects against damage to your own truck and trailer from accidents, theft, fire, vandalism, or natural disasters, regardless of who is at fault.
Pintle Hook
Alternative to fifth wheel coupling.
Pneumatic Tanker
For powder or granular materials.
Pre-Pass
System allowing trucks to bypass weigh stations.
Preventive Maintenance
Regular service to prevent breakdowns.
Primary Liability
Insurance coverage required by federal law that pays for injuries or damage to third parties (other people and their property) if your truck is at fault in an accident.
Proof of Delivery (POD)
A document signed by the receiver confirming that freight was delivered in good condition.
Pup Trailer
Shorter trailer typically 28' long (type of Dry Van).
Q
Quick Pay
Option to receive payment faster for a small fee, offered by brokers or factoring companies.
R
Rack Price
Wholesale fuel price before taxes and markup.
Rate Confirmation (RateCon)
The ‘contract’ between the driver and broker listing the load details and agreed upon rate.
Rate Per Mile (RPM)
The amount paid per mile for hauling freight.
Reconciliation
Comparing and matching various financial records, including tracking which invoices have been paid by customers and confirming proper reserve releases to ensure all transactions are accurately recorded and accounted for.
Recourse Factoring
Carrier remains responsible for paying back the factoring company if the broker or shipper fails to pay the invoice, typically offered at lower rates than non-recourse factoring due to the shared risk.
Reefer (Refrigerated)
Temperature-controlled trailer.
Reserve Account
The remaining percentage held by the factoring company until the customer pays the invoice.
RGN (Removable Gooseneck)
Detachable front for ground-level loading (type of Dry Van).
Roll-Up Door
Vertically-opening trailer door that coils around a drum at the top of the trailer, commonly used in dry vans and reefers.
S
Scale ticket
A document showing a truck's weight measurements from a certified scale used to verify legal weight.
Side Dump
Trailer that dumps to the side.
Sliding Tandems
Adjustable axle position.
Spread Axle
Axles spread apart for weight distribution.
Standard Flatbed
Open deck trailer typically 48' or 53' long (type of Dry Van).
Step Deck (Drop Deck
Two-level trailer for taller freight (type of Dry Van).
Stretch Flatbed
Expandable length for oversized loads (type of Dry Van).
Swing Doors
Pair of hinged doors at the rear of a trailer that open outward from the center, commonly used on dry vans and reefers.
T
Tanker
Liquid bulk cargo transportation.
TONU (Truck Ordered Not Used)
Fee paid when a scheduled load is canceled.
U
Unified Carrier Registration (UCR)
An annual federal registration and fee program that all interstate carriers must participate in, with fees determined by the size of their fleet.
USDOT Number
Required by the FMCSA for all companies that operate commercial vehicles transporting passengers or cargo. Used to track a company's safety records, inspections, and compliance reviews.
V
V-Boards
V-shaped edge protectors for securing loads.
V-MAC
Volvo engine management system.
Van
A type of enclosed trailer used for general freight.
Velocity
Measure of how quickly freight moves through the supply chain.
Vendor
Supplier of goods or services to trucking operations.
Verification
Process of confirming delivery, payment, or compliance details.
Vertical Exhaust
Exhaust stack that runs up vertically beside the cab.
Violations
Non-compliance with DOT regulations or traffic laws.
Virtual Fleet
Network of independent carriers working together.
Visual Inspection
Required pre-trip safety check of truck and trailer.
Void Contract
Nullified agreement between carrier and shipper/broker.
Volume Load
Freight that takes up a lot of space but is relatively light.
Voucher
Document authorizing payment for services.
Voyage Policy
Type of cargo insurance for specific trips rather than providing continuous coverage, typically used for high-value or special cargo movements.
W
Walking Floor
Self-unloading system for bulk materials.
Workers' Compensation
Mandatory insurance coverage that provides medical benefits and wage replacement to drivers and employees who are injured on the job.
X
X-Dock (Cross-Dock)
Facility where freight is unloaded from incoming trucks and directly loaded onto outbound trucks with minimal storage time.
X-Out
Marking used on trailers to indicate they are out of service or not to be used.
X-Over (Crossover)
Type of fuel line connection or a highway intersection where one road passes over another.
Y
Y-Connection
Y-shaped air brake fitting that allows one air line to be split into two separate lines.
Yard
Designated area for parking or storing trucks and trailers.
Yard Dog (or Yard Jockey)
Person or specialized truck used to move trailers around a facility's yard.
Yard Move
Moving trucks/trailers within a confined area, which has special logging rules in ELDs.
Yard Tractor (or Yard Spotter)
Specialized truck designed for moving trailers in terminal yards.
Yearly DOT Inspection
Federally required annual comprehensive safety inspection of commercial vehicles by a qualified inspector that examines key components like brakes, tires, lights, and safety systems to ensure the truck meets FMCSA standards.
Z
Z-Guard
Type of cargo protection device (though less common).
Zero Defect
Quality control standard in freight handling that aims for complete accuracy in shipping, requiring no errors in loading, paperwork, delivery timing, or freight condition.
Zero Hour
Starting time for a delivery schedule.
Zero Load
Empty trailer (industry slang).
Zone
Geographic area used for determining shipping rates or fuel taxes.
Zone Rate
Pricing structure based on geographic zones.
Zone Skipping
Logistics strategy of bypassing distribution zones to reduce shipping time.
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Reset
A
Accessorials
Additional fees charged beyond the basic line haul rate for extra services performed by the carrier, such as detention time, lumper fees, fuel surcharges, stop-off charges, or lift gate services.
Accounts Receivable (AR)
Outstanding invoices owed to a trucking company for completed deliveries.
Advance Rate
The percentage of an invoice that a factoring company pays upfront, typically 85-97% of the total. TruckSmarter pays 50% upfront with our Factoring Advances.
Aging Report
Document showing the status of unpaid invoices organized by time outstanding.
Air Ride
Suspension system for fragile freight.
APU (Auxiliary Power Unit)
System reducing idle time.
B
Backhaul
Return trip after delivering a load.
Belt Trailer
Built-in conveyor belt for unloading.
Bill of Lading (BOL)
Document serving as receipt of freight services.
BOC-3
Required filing designating process agents in each state.
Box Trailer
Rigid-sided enclosed trailer.
Broker
Granted authority as a licensed BROKER by the FMCSA with a Motor Carrier (MC) number permitting them to broker property across state lines. Standard brokerage authority is for brokers of property. Requirements will vary for brokers of household goods and hazardous goods.
Broker Invoice
Requesting payment from broker on behalf of the carrier. After factor pays the carrier we need to request payment from the broker and provide paperwork for the load.
C
California Legal
Compliant with California length laws.
Car Carrier
Specialized for vehicle transport.
Carrier
A person or company authorized by the Federal Motor Carrier Safety Administration (FMCSA) to transport freight for hire, identified by their DOT and MC numbers, and required to maintain proper insurance, operating authority, and safety compliance.
Carrier Invoice
How a carrier requests to get paid for a load. They must include payment details (line haul + accessorials) as well as supporting documents.
Cash Price vs. Credit Price
Different rates offered based on payment method.
Certificate of Authority (COA)
Given to drivers once they have an approved USDOT and MC.
Certificate of Insurance (COI)
Required of all drivers hauling for major brokers.
Conestoga
Flatbed with sliding tarp system (type of Dry Van).
Container Chassis
For intermodal containers.
Cost Per Mile (CPM)
The total operating expenses of running a truck (including fuel, maintenance, insurance, truck payments, and other fixed/variable costs) divided by the total number of miles driven, used to determine profitability and set rates.
Credit Check
Evaluation of a customer's payment history and financial stability.
CSA Score
Safety compliance and performance history.
Curtainside
Side-opening curtains for easy access.
D
Dead Head Miles
Distance traveled without a paying load.
Detention Time
Extra waiting time at shipping/receiving facilities.
DOT Number
Department of Transportation identification number.
Double Drop Van
Enclosed trailer with lowered deck height (type of Dry Van).
Dry Van
Standard enclosed 53' trailer for general freight. Most common equipment type, 45k lbs max.
DVIR
Driver Vehicle Inspection Report.
E
E-Track
A metal tracking system with rectangular slots installed vertically or horizontally along trailer walls, allowing straps and accessories to be quickly attached and adjusted at any point using specialized E-fittings that clip directly into the slots.
ELD
Electronic Logging Device for tracking hours of service.
End Dump
Trailer that tilts to dump material.
F
Factoring Advance
The percentage of an invoice (50%) that TruckSmarter factoring pays upfront immediately after pick up.
Factoring Rate
How much a factoring company charges in order to pay carrier faster.
FMCSA
Federal Motor Carrier Safety Administration.
Fuel Card
Special credit card for purchasing diesel with negotiated discounts.
Fuel Line of Credit
A pre-approved amount of credit extended to trucking companies by TruckSmarter that allows drivers to purchase fuel now and pay later, on a 7 day weekly period.
Fuel Network
Group of truck stops offering negotiated fuel discounts.
Fuel Surcharge (FSC)
Additional fee to cover fluctuating fuel costs.
Full Truckload (FTL)
A shipping method where the entire truck is dedicated to one shipper's freight, typically utilizing the full capacity or space of the trailer regardless of actual weight or number of pallets. Up to 45k lbs.
G
Gate Time
The time a driver enters or exits a shipping/receiving facility.
Gooseneck
Type of trailer that connects to a hitch mounted in the bed of a truck.
Governing
Speed limiting device on a truck's engine.
Granny Gear
The lowest gear in a manual transmission, used for starting heavy loads or steep grades.
Gross Combined Weight Rating (GCWR)
The maximum weight of a truck and trailer combination including all cargo.
Gross Vehicle Weight Rating (GVWR)
The maximum operating weight of a vehicle including cargo, passengers, and the vehicle itself.
H
Hopper Bottom
Bulk commodity trailer with bottom discharge.
Hot Shot Loads
Urgent deliveries requiring immediate pickup.
Hot Shot Trailer
A smaller trailer (typically 30-40 feet) pulled by a Class 3-5 truck (like an F-350) rather than a semi truck, commonly used for time-sensitive or expedited loads that don't require a full-size tractor-trailer combination.
Hours of Service (HOS)
Federal regulations that limit driving time to 11 hours within a 14-hour workday, requiring 10 consecutive hours off-duty between shifts, and limiting drivers to 60/70 hours over 7/8 consecutive days.
I
IFTA (International Fuel Tax Agreement
System for reporting fuel taxes across jurisdictions.
Intermodal Drayage
The short-distance transport of shipping containers between ports, rail yards, or inland terminals using specialized trucks, serving as the first or last leg of an intermodal container's journey that combines rail, ship, and truck transportation.
J
Jake Brake (Jacobs Engine Brake)
A compression release engine brake system that helps slow heavy trucks without using the service brakes.
Job Number
Unique identifier assigned to specific freight moves for tracking purposes.
Joint and Several Liability
Legal term where multiple parties can be held responsible in trucking accidents.
Jurisdiction
A geographic area where specific trucking regulations apply, particularly important for IFTA reporting.
Just-in-Time (JIT)
A delivery system where freight arrives exactly when needed for production or distribution.
K
K-Rail
Type of concrete barrier used on highways, also known as Jersey barrier.
King Pin
The coupling pin on the front of a semi-trailer that connects to the fifth wheel of the truck.
Kingpin Lock
Security device that prevents trailer theft by locking the kingpin.
Knock Sensor
Engine component that detects abnormal combustion.
Knox Box
A secure key storage system at facilities allowing after-hours access.
L
Landoll
Hydraulic tilt trailer for machinery (type of Dry Van).
Lane
Regular route between specific geographic points.
Less than Truckload (LTL)
A shipping method where multiple shippers share space in the same trailer, each paying only for the portion of trailer space their freight occupies.
Letter of Release (LOR)
A document issued by the original carrier or party holding the freight giving permission for another party to pick up or take possession of the cargo.
Line haul
The basic charge for transportation of freight from pickup to delivery point, typically calculated by mileage and weight.
Live Bottom
A specialized trailer equipped with a moving floor or conveyor belt system at the bottom that automatically unloads bulk materials like gravel.
Load board
An online marketplace where carriers can find available freight posted by brokers and shippers, displaying details like pickup/delivery locations, rates, weight, and equipment requirements.
Load-to-Truck Ratio
Number of available loads compared to available trucks.
Logistics Posts
Vertical posts built into the trailer walls with evenly spaced holes for attaching cargo straps or load bars, offering less flexibility in attachment points compared to E-Track but providing a more flush wall surface when not in use.
Logistics Van
Dry van with tracking rails for load securement.
Lowboy
Ultra-low deck height for heavy equipment (type of Dry Van).
Lumper receipt
A document proving payment for loading/unloading services that drivers need for reimbursement from their broker or shipper.
M
MC Number
Motor Carrier number assigned by the FMCSA that authorizes a carrier to transport regulated commodities for hire across state lines.
N
Non-Recourse Factoring
Factoring company assumes the risk if a broker or shipper doesn't pay the invoice, meaning the carrier is not responsible for paying back the advance if the customer defaults on payment.
Notice of Assignment (NOA)
Signed agreement between carrier and factoring company to prove brokers should pay factoring company instead of carrier.
O
Operating Authority
A federal permit (also called MC Number) issued by the FMCSA that gives a carrier legal permission to transport freight for hire across state lines.
Owner-Operator
A truck driver who owns and operates their own truck(s) either independently with their own authority or leased to another carrier.
P
Partial or Volume LTL
A shipment that's too large for standard LTL service (typically over 5,000-15,000 pounds or 6-12 pallets) but doesn't require a full truck.
Physical Damage
Coverage that protects against damage to your own truck and trailer from accidents, theft, fire, vandalism, or natural disasters, regardless of who is at fault.
Pintle Hook
Alternative to fifth wheel coupling.
Pneumatic Tanker
For powder or granular materials.
Pre-Pass
System allowing trucks to bypass weigh stations.
Preventive Maintenance
Regular service to prevent breakdowns.
Primary Liability
Insurance coverage required by federal law that pays for injuries or damage to third parties (other people and their property) if your truck is at fault in an accident.
Proof of Delivery (POD)
A document signed by the receiver confirming that freight was delivered in good condition.
Pup Trailer
Shorter trailer typically 28' long (type of Dry Van).
Q
Quick Pay
Option to receive payment faster for a small fee, offered by brokers or factoring companies.
R
Rack Price
Wholesale fuel price before taxes and markup.
Rate Confirmation (RateCon)
The ‘contract’ between the driver and broker listing the load details and agreed upon rate.
Rate Per Mile (RPM)
The amount paid per mile for hauling freight.
Reconciliation
Comparing and matching various financial records, including tracking which invoices have been paid by customers and confirming proper reserve releases to ensure all transactions are accurately recorded and accounted for.
Recourse Factoring
Carrier remains responsible for paying back the factoring company if the broker or shipper fails to pay the invoice, typically offered at lower rates than non-recourse factoring due to the shared risk.
Reefer (Refrigerated)
Temperature-controlled trailer.
Reserve Account
The remaining percentage held by the factoring company until the customer pays the invoice.
RGN (Removable Gooseneck)
Detachable front for ground-level loading (type of Dry Van).
Roll-Up Door
Vertically-opening trailer door that coils around a drum at the top of the trailer, commonly used in dry vans and reefers.
S
Scale ticket
A document showing a truck's weight measurements from a certified scale used to verify legal weight.
Side Dump
Trailer that dumps to the side.
Sliding Tandems
Adjustable axle position.
Spread Axle
Axles spread apart for weight distribution.
Standard Flatbed
Open deck trailer typically 48' or 53' long (type of Dry Van).
Step Deck (Drop Deck
Two-level trailer for taller freight (type of Dry Van).
Stretch Flatbed
Expandable length for oversized loads (type of Dry Van).
Swing Doors
Pair of hinged doors at the rear of a trailer that open outward from the center, commonly used on dry vans and reefers.
T
Tanker
Liquid bulk cargo transportation.
TONU (Truck Ordered Not Used)
Fee paid when a scheduled load is canceled.
U
Unified Carrier Registration (UCR)
An annual federal registration and fee program that all interstate carriers must participate in, with fees determined by the size of their fleet.
USDOT Number
Required by the FMCSA for all companies that operate commercial vehicles transporting passengers or cargo. Used to track a company's safety records, inspections, and compliance reviews.
V
V-Boards
V-shaped edge protectors for securing loads.
V-MAC
Volvo engine management system.
Van
A type of enclosed trailer used for general freight.
Velocity
Measure of how quickly freight moves through the supply chain.
Vendor
Supplier of goods or services to trucking operations.
Verification
Process of confirming delivery, payment, or compliance details.
Vertical Exhaust
Exhaust stack that runs up vertically beside the cab.
Violations
Non-compliance with DOT regulations or traffic laws.
Virtual Fleet
Network of independent carriers working together.
Visual Inspection
Required pre-trip safety check of truck and trailer.
Void Contract
Nullified agreement between carrier and shipper/broker.
Volume Load
Freight that takes up a lot of space but is relatively light.
Voucher
Document authorizing payment for services.
Voyage Policy
Type of cargo insurance for specific trips rather than providing continuous coverage, typically used for high-value or special cargo movements.
W
Walking Floor
Self-unloading system for bulk materials.
Workers' Compensation
Mandatory insurance coverage that provides medical benefits and wage replacement to drivers and employees who are injured on the job.
X
X-Dock (Cross-Dock)
Facility where freight is unloaded from incoming trucks and directly loaded onto outbound trucks with minimal storage time.
X-Out
Marking used on trailers to indicate they are out of service or not to be used.
X-Over (Crossover)
Type of fuel line connection or a highway intersection where one road passes over another.
Y
Y-Connection
Y-shaped air brake fitting that allows one air line to be split into two separate lines.
Yard
Designated area for parking or storing trucks and trailers.
Yard Dog (or Yard Jockey)
Person or specialized truck used to move trailers around a facility's yard.
Yard Move
Moving trucks/trailers within a confined area, which has special logging rules in ELDs.
Yard Tractor (or Yard Spotter)
Specialized truck designed for moving trailers in terminal yards.
Yearly DOT Inspection
Federally required annual comprehensive safety inspection of commercial vehicles by a qualified inspector that examines key components like brakes, tires, lights, and safety systems to ensure the truck meets FMCSA standards.
Z
Z-Guard
Type of cargo protection device (though less common).
Zero Defect
Quality control standard in freight handling that aims for complete accuracy in shipping, requiring no errors in loading, paperwork, delivery timing, or freight condition.
Zero Hour
Starting time for a delivery schedule.
Zero Load
Empty trailer (industry slang).
Zone
Geographic area used for determining shipping rates or fuel taxes.
Zone Rate
Pricing structure based on geographic zones.
Zone Skipping
Logistics strategy of bypassing distribution zones to reduce shipping time.
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Reset
A
Accessorials
Additional fees charged beyond the basic line haul rate for extra services performed by the carrier, such as detention time, lumper fees, fuel surcharges, stop-off charges, or lift gate services.
Accounts Receivable (AR)
Outstanding invoices owed to a trucking company for completed deliveries.
Advance Rate
The percentage of an invoice that a factoring company pays upfront, typically 85-97% of the total. TruckSmarter pays 50% upfront with our Factoring Advances.
Aging Report
Document showing the status of unpaid invoices organized by time outstanding.
Air Ride
Suspension system for fragile freight.
APU (Auxiliary Power Unit)
System reducing idle time.
B
Backhaul
Return trip after delivering a load.
Belt Trailer
Built-in conveyor belt for unloading.
Bill of Lading (BOL)
Document serving as receipt of freight services.
BOC-3
Required filing designating process agents in each state.
Box Trailer
Rigid-sided enclosed trailer.
Broker
Granted authority as a licensed BROKER by the FMCSA with a Motor Carrier (MC) number permitting them to broker property across state lines. Standard brokerage authority is for brokers of property. Requirements will vary for brokers of household goods and hazardous goods.
Broker Invoice
Requesting payment from broker on behalf of the carrier. After factor pays the carrier we need to request payment from the broker and provide paperwork for the load.
C
California Legal
Compliant with California length laws.
Car Carrier
Specialized for vehicle transport.
Carrier
A person or company authorized by the Federal Motor Carrier Safety Administration (FMCSA) to transport freight for hire, identified by their DOT and MC numbers, and required to maintain proper insurance, operating authority, and safety compliance.
Carrier Invoice
How a carrier requests to get paid for a load. They must include payment details (line haul + accessorials) as well as supporting documents.
Cash Price vs. Credit Price
Different rates offered based on payment method.
Certificate of Authority (COA)
Given to drivers once they have an approved USDOT and MC.
Certificate of Insurance (COI)
Required of all drivers hauling for major brokers.
Conestoga
Flatbed with sliding tarp system (type of Dry Van).
Container Chassis
For intermodal containers.
Cost Per Mile (CPM)
The total operating expenses of running a truck (including fuel, maintenance, insurance, truck payments, and other fixed/variable costs) divided by the total number of miles driven, used to determine profitability and set rates.
Credit Check
Evaluation of a customer's payment history and financial stability.
CSA Score
Safety compliance and performance history.
Curtainside
Side-opening curtains for easy access.
D
Dead Head Miles
Distance traveled without a paying load.
Detention Time
Extra waiting time at shipping/receiving facilities.
DOT Number
Department of Transportation identification number.
Double Drop Van
Enclosed trailer with lowered deck height (type of Dry Van).
Dry Van
Standard enclosed 53' trailer for general freight. Most common equipment type, 45k lbs max.
DVIR
Driver Vehicle Inspection Report.
E
E-Track
A metal tracking system with rectangular slots installed vertically or horizontally along trailer walls, allowing straps and accessories to be quickly attached and adjusted at any point using specialized E-fittings that clip directly into the slots.
ELD
Electronic Logging Device for tracking hours of service.
End Dump
Trailer that tilts to dump material.
F
Factoring Advance
The percentage of an invoice (50%) that TruckSmarter factoring pays upfront immediately after pick up.
Factoring Rate
How much a factoring company charges in order to pay carrier faster.
FMCSA
Federal Motor Carrier Safety Administration.
Fuel Card
Special credit card for purchasing diesel with negotiated discounts.
Fuel Line of Credit
A pre-approved amount of credit extended to trucking companies by TruckSmarter that allows drivers to purchase fuel now and pay later, on a 7 day weekly period.
Fuel Network
Group of truck stops offering negotiated fuel discounts.
Fuel Surcharge (FSC)
Additional fee to cover fluctuating fuel costs.
Full Truckload (FTL)
A shipping method where the entire truck is dedicated to one shipper's freight, typically utilizing the full capacity or space of the trailer regardless of actual weight or number of pallets. Up to 45k lbs.
G
Gate Time
The time a driver enters or exits a shipping/receiving facility.
Gooseneck
Type of trailer that connects to a hitch mounted in the bed of a truck.
Governing
Speed limiting device on a truck's engine.
Granny Gear
The lowest gear in a manual transmission, used for starting heavy loads or steep grades.
Gross Combined Weight Rating (GCWR)
The maximum weight of a truck and trailer combination including all cargo.
Gross Vehicle Weight Rating (GVWR)
The maximum operating weight of a vehicle including cargo, passengers, and the vehicle itself.
H
Hopper Bottom
Bulk commodity trailer with bottom discharge.
Hot Shot Loads
Urgent deliveries requiring immediate pickup.
Hot Shot Trailer
A smaller trailer (typically 30-40 feet) pulled by a Class 3-5 truck (like an F-350) rather than a semi truck, commonly used for time-sensitive or expedited loads that don't require a full-size tractor-trailer combination.
Hours of Service (HOS)
Federal regulations that limit driving time to 11 hours within a 14-hour workday, requiring 10 consecutive hours off-duty between shifts, and limiting drivers to 60/70 hours over 7/8 consecutive days.
I
IFTA (International Fuel Tax Agreement
System for reporting fuel taxes across jurisdictions.
Intermodal Drayage
The short-distance transport of shipping containers between ports, rail yards, or inland terminals using specialized trucks, serving as the first or last leg of an intermodal container's journey that combines rail, ship, and truck transportation.
J
Jake Brake (Jacobs Engine Brake)
A compression release engine brake system that helps slow heavy trucks without using the service brakes.
Job Number
Unique identifier assigned to specific freight moves for tracking purposes.
Joint and Several Liability
Legal term where multiple parties can be held responsible in trucking accidents.
Jurisdiction
A geographic area where specific trucking regulations apply, particularly important for IFTA reporting.
Just-in-Time (JIT)
A delivery system where freight arrives exactly when needed for production or distribution.
K
K-Rail
Type of concrete barrier used on highways, also known as Jersey barrier.
King Pin
The coupling pin on the front of a semi-trailer that connects to the fifth wheel of the truck.
Kingpin Lock
Security device that prevents trailer theft by locking the kingpin.
Knock Sensor
Engine component that detects abnormal combustion.
Knox Box
A secure key storage system at facilities allowing after-hours access.
L
Landoll
Hydraulic tilt trailer for machinery (type of Dry Van).
Lane
Regular route between specific geographic points.
Less than Truckload (LTL)
A shipping method where multiple shippers share space in the same trailer, each paying only for the portion of trailer space their freight occupies.
Letter of Release (LOR)
A document issued by the original carrier or party holding the freight giving permission for another party to pick up or take possession of the cargo.
Line haul
The basic charge for transportation of freight from pickup to delivery point, typically calculated by mileage and weight.
Live Bottom
A specialized trailer equipped with a moving floor or conveyor belt system at the bottom that automatically unloads bulk materials like gravel.
Load board
An online marketplace where carriers can find available freight posted by brokers and shippers, displaying details like pickup/delivery locations, rates, weight, and equipment requirements.
Load-to-Truck Ratio
Number of available loads compared to available trucks.
Logistics Posts
Vertical posts built into the trailer walls with evenly spaced holes for attaching cargo straps or load bars, offering less flexibility in attachment points compared to E-Track but providing a more flush wall surface when not in use.
Logistics Van
Dry van with tracking rails for load securement.
Lowboy
Ultra-low deck height for heavy equipment (type of Dry Van).
Lumper receipt
A document proving payment for loading/unloading services that drivers need for reimbursement from their broker or shipper.
M
MC Number
Motor Carrier number assigned by the FMCSA that authorizes a carrier to transport regulated commodities for hire across state lines.
N
Non-Recourse Factoring
Factoring company assumes the risk if a broker or shipper doesn't pay the invoice, meaning the carrier is not responsible for paying back the advance if the customer defaults on payment.
Notice of Assignment (NOA)
Signed agreement between carrier and factoring company to prove brokers should pay factoring company instead of carrier.
O
Operating Authority
A federal permit (also called MC Number) issued by the FMCSA that gives a carrier legal permission to transport freight for hire across state lines.
Owner-Operator
A truck driver who owns and operates their own truck(s) either independently with their own authority or leased to another carrier.
P
Partial or Volume LTL
A shipment that's too large for standard LTL service (typically over 5,000-15,000 pounds or 6-12 pallets) but doesn't require a full truck.
Physical Damage
Coverage that protects against damage to your own truck and trailer from accidents, theft, fire, vandalism, or natural disasters, regardless of who is at fault.
Pintle Hook
Alternative to fifth wheel coupling.
Pneumatic Tanker
For powder or granular materials.
Pre-Pass
System allowing trucks to bypass weigh stations.
Preventive Maintenance
Regular service to prevent breakdowns.
Primary Liability
Insurance coverage required by federal law that pays for injuries or damage to third parties (other people and their property) if your truck is at fault in an accident.
Proof of Delivery (POD)
A document signed by the receiver confirming that freight was delivered in good condition.
Pup Trailer
Shorter trailer typically 28' long (type of Dry Van).
Q
Quick Pay
Option to receive payment faster for a small fee, offered by brokers or factoring companies.
R
Rack Price
Wholesale fuel price before taxes and markup.
Rate Confirmation (RateCon)
The ‘contract’ between the driver and broker listing the load details and agreed upon rate.
Rate Per Mile (RPM)
The amount paid per mile for hauling freight.
Reconciliation
Comparing and matching various financial records, including tracking which invoices have been paid by customers and confirming proper reserve releases to ensure all transactions are accurately recorded and accounted for.
Recourse Factoring
Carrier remains responsible for paying back the factoring company if the broker or shipper fails to pay the invoice, typically offered at lower rates than non-recourse factoring due to the shared risk.
Reefer (Refrigerated)
Temperature-controlled trailer.
Reserve Account
The remaining percentage held by the factoring company until the customer pays the invoice.
RGN (Removable Gooseneck)
Detachable front for ground-level loading (type of Dry Van).
Roll-Up Door
Vertically-opening trailer door that coils around a drum at the top of the trailer, commonly used in dry vans and reefers.
S
Scale ticket
A document showing a truck's weight measurements from a certified scale used to verify legal weight.
Side Dump
Trailer that dumps to the side.
Sliding Tandems
Adjustable axle position.
Spread Axle
Axles spread apart for weight distribution.
Standard Flatbed
Open deck trailer typically 48' or 53' long (type of Dry Van).
Step Deck (Drop Deck
Two-level trailer for taller freight (type of Dry Van).
Stretch Flatbed
Expandable length for oversized loads (type of Dry Van).
Swing Doors
Pair of hinged doors at the rear of a trailer that open outward from the center, commonly used on dry vans and reefers.
T
Tanker
Liquid bulk cargo transportation.
TONU (Truck Ordered Not Used)
Fee paid when a scheduled load is canceled.
U
Unified Carrier Registration (UCR)
An annual federal registration and fee program that all interstate carriers must participate in, with fees determined by the size of their fleet.
USDOT Number
Required by the FMCSA for all companies that operate commercial vehicles transporting passengers or cargo. Used to track a company's safety records, inspections, and compliance reviews.
V
V-Boards
V-shaped edge protectors for securing loads.
V-MAC
Volvo engine management system.
Van
A type of enclosed trailer used for general freight.
Velocity
Measure of how quickly freight moves through the supply chain.
Vendor
Supplier of goods or services to trucking operations.
Verification
Process of confirming delivery, payment, or compliance details.
Vertical Exhaust
Exhaust stack that runs up vertically beside the cab.
Violations
Non-compliance with DOT regulations or traffic laws.
Virtual Fleet
Network of independent carriers working together.
Visual Inspection
Required pre-trip safety check of truck and trailer.
Void Contract
Nullified agreement between carrier and shipper/broker.
Volume Load
Freight that takes up a lot of space but is relatively light.
Voucher
Document authorizing payment for services.
Voyage Policy
Type of cargo insurance for specific trips rather than providing continuous coverage, typically used for high-value or special cargo movements.
W
Walking Floor
Self-unloading system for bulk materials.
Workers' Compensation
Mandatory insurance coverage that provides medical benefits and wage replacement to drivers and employees who are injured on the job.
X
X-Dock (Cross-Dock)
Facility where freight is unloaded from incoming trucks and directly loaded onto outbound trucks with minimal storage time.
X-Out
Marking used on trailers to indicate they are out of service or not to be used.
X-Over (Crossover)
Type of fuel line connection or a highway intersection where one road passes over another.
Y
Y-Connection
Y-shaped air brake fitting that allows one air line to be split into two separate lines.
Yard
Designated area for parking or storing trucks and trailers.
Yard Dog (or Yard Jockey)
Person or specialized truck used to move trailers around a facility's yard.
Yard Move
Moving trucks/trailers within a confined area, which has special logging rules in ELDs.
Yard Tractor (or Yard Spotter)
Specialized truck designed for moving trailers in terminal yards.
Yearly DOT Inspection
Federally required annual comprehensive safety inspection of commercial vehicles by a qualified inspector that examines key components like brakes, tires, lights, and safety systems to ensure the truck meets FMCSA standards.
Z
Z-Guard
Type of cargo protection device (though less common).
Zero Defect
Quality control standard in freight handling that aims for complete accuracy in shipping, requiring no errors in loading, paperwork, delivery timing, or freight condition.
Zero Hour
Starting time for a delivery schedule.
Zero Load
Empty trailer (industry slang).
Zone
Geographic area used for determining shipping rates or fuel taxes.
Zone Rate
Pricing structure based on geographic zones.
Zone Skipping
Logistics strategy of bypassing distribution zones to reduce shipping time.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. FDIC insurance available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 2.65% is effective as of 12/19/2024. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. FDIC insurance available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 2.65% is effective as of 12/19/2024. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. FDIC insurance available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 2.65% is effective as of 12/19/2024. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.