Glossaries | edulabs.org academy

Tuesday, 30 April 2024, 7:39 AM

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Course: Activity Examples (Activity Examples)

Glossary: Transportation Program Glossary (James Depow)

NMFC

National Motor Freight Classification (U.S.)

NOI

Not Otherwise Indexed.

NOIBN

Not Otherwise Indexed By Name.

Operating Ratio

A standard industry term to set out in a percentange the relationship of total operating costs to total income. Example: If the total costs for a year are $385,000 and the total reveue for the same year is $400,000, then the operating ratio is 0.9625 (or 96.25%).

An OR greater than 1.0 represents and operating lose.
An OR less than 1.0 represents and operating profit.

OS&D.

Over Short & Damage.

Overage

An excess of quantity over that shown on a bill of lading.

OWB

Over Without Bill (of lading).

P&D

Pickup and Delivery (of freight).

Piggyback

The transportation of truck trailers and containers on railway flatcars.

Prepaid

A term used to designate that the shipper (consignor) is responsible for the freight charges (or a 3rd party identified by the shipper).