Saturday, 4 May 2024, 10:52 PM
Site: edulabs.org academy
Course: Activity Examples (Activity Examples)
Glossary: Transportation Program Glossary (James Depow)
O
Operating RatioA 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. |
OverageAn excess of quantity over that shown on a bill of lading. |
OWBOver Without Bill (of lading). |