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Plain-English definitions for trucking rates, fuel surcharge, cost per mile, gross revenue, net profit, accessorials, RPM, break-even, factoring fees, and carrier cash-flow terms.
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Rate or revenue earned per mile.
Base freight transportation charge.
Extra pay intended to offset fuel cost.
Total rate including normal pay components.
Total income before expenses.
Money left after expenses.
Operating cost for each mile driven.
Minimum rate needed to cover costs.
Miles driven while carrying freight.
Empty miles driven without freight revenue.
Revenue per mile including loaded and empty miles.
Extra charge beyond the base freight rate.
Pay for excessive shipper or receiver waiting time.
Pay for extended delay or overnight hold.
Cancellation fee for a truck ordered but not used.
Unloading labor fee at a warehouse or receiver.
Current freight pricing level for a lane or market.
One-time freight rate based on current market.
Agreed pricing for repeated or longer-term freight.
Fee paid for dispatch service support.
Cost charged for faster invoice payment.
Timing of money moving in and out of business.
Expenses compared to revenue.
Percentage of revenue kept as profit.
Try searching RPM, linehaul, fuel surcharge, break-even, accessorial, net profit, or cost per mile.
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