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Cargo InsuranceCovers freight damage or lossCarrierCompany that moves the freightCarrier PacketOnboarding paperwork for brokersCDLCommercial driver’s licenseCertificate of Insurance (COI)Proof of coverageConestogaFlatbed with a rolling tarp systemConsigneeReceiver of the freightContract FreightFreight at pre-agreed ratesCost Per Mile (CPM)What each mile costs youCross-DockingMoving freight between trucksCSA ScoreSafety score from inspections
D
Day CabTractor without a sleeperDeadheadDriving without a paying loadDetention PayPay for waiting too longDispatch FeeWhat a dispatcher chargesDispatcherFinds loads and manages logisticsDOT PhysicalMedical exam for commercial driversDouble BrokeringRe-brokering a load without permissionDrayageShort container movesDrop and HookSwap trailers without waitingDrug and Alcohol ClearinghouseDatabase of driver test violationsDry VanEnclosed trailer for general freightDVIRDriver vehicle inspection reportDwell TimeTime spent waiting at a facility
F
FactoringSelling invoices for fast cashFifth WheelHitch connecting tractor and trailerFlat RateOne price for the whole loadFlatbedOpen trailer for large cargoFMCSAThe federal trucking regulatorFreight BrokerMatches shippers with carriersFreight Broker BondFinancial guarantee for brokersFreight ClassLTL pricing categoryFuel CardPayment card for diesel discountsFuel SurchargeExtra pay when diesel risesFull Truckload (FTL)A whole trailer for one shipment
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L
LaneRoute between two areasLayover PayPay for an overnight delayLease PurchaseLeasing a truck toward ownershipLease-OnHauling under another carrier’s authorityLess Than Truckload (LTL)Smaller shipments sharing a trailerLinehaulThe base freight rateLive Load and UnloadWaiting while freight is loadedLoad BoardOnline marketplace for freightLoad SecurementKeeping freight from shiftingLowboyVery low trailer for tall equipmentLumper FeeCharge for unloading help
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Know the terms. Let us handle the loads.
Nexloads finds freight, negotiates rates and handles paperwork for owner operators and small fleets, with no forced dispatch and no long-term contracts.