A reduction in rate that carriers offer to shippers and/or consignees who load and/or unload LTL or any quantity shipments.
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Provides a carrier with detailed information and negotiated pricing prior to scheduling pickup. This practice helps ensure contract compliance and facilitates automated payments.
A term primarily used in the motor industry, load tender is an offer of cargo for transport by a shipper.
A shipment that transports between cities and over distances more than 150 miles.
Trucking companies that consolidate and transport less than a truckload of freight, utilizing a network of terminals and relay points.
Double Brokering is the re-brokering of a load to another trucking company without the consent of the original shipper. This unauthorized activity violates the Federal Motor Carrier Safety Administration (FMCSA)…
A Leveraged Buyout or LBO for short is when a company is purchased by typically a private equity firm using the purchased company’s assets and cash flow to acquire a…
The maximum amount for which a factor will fund on a single customer in a client’s portfolio. This is often expressed as a percentage of the factoring volume for a…