Financial

Additional fees beyond the basic freight rate for extra services like detention, layover, fuel surcharges, or special handling requirements.

Liability insurance coverage for owner-operators when driving their tractor without a trailer, typically when not under dispatch but still in business use.

Cost Per Mile (CPM) is the total operating cost of running a truck divided by all miles driven, used to understand true costs and set profitable rates.

A financial service where trucking companies sell their invoices to a third party (factor) at a discount in exchange for immediate payment, typically within 24 hours instead of waiting 30-60+ days.

An independent truck driver who owns their own truck and operates as a small business, either hauling freight directly or leasing to a carrier.

A daily allowance for meals and incidental expenses that truck drivers receive or claim when away from home overnight for work.

The current market price for moving freight on a specific lane at a given time, determined by real-time supply and demand conditions in the spot market.