Words you'll see
Trucking and FleetDesk words in plain English.
Plain-English glossary
| Word | What it means |
|---|---|
| Load | One job: pick up here, deliver there, for a set price. |
| Broker / shipper | Who hires you for the load, and who you invoice. |
| Rate con (rate confirmation) | The paper from the broker that confirms the price and details of a load. |
| BOL (bill of lading) | The paper that lists what you picked up. The shipper signs it. |
| POD (proof of delivery) | The signed paper or photo that shows you delivered. Brokers usually want it before they pay. |
| Lumper | A fee paid to unload your truck at a warehouse. |
| ELD | The electronic logging device in the truck that records your driving hours. |
| HOS (hours of service) | The rules on how long you can drive. The HOS board shows time left from your ELD. |
Office and money wordsOwner, Dispatcher, Accountant
| Word | What it means |
|---|---|
| RPM | Revenue per mile: what the load pays divided by its miles. Under $2 shows in red. |
| Closeout | The checklist of paperwork to finish after a delivery: rate con, BOL, POD, fuel, lumper, invoice, payment and settlement. |
| Settlement | A pay sheet for a driver on one load. |
| Factoring | Selling your invoices to a company that pays you most of the money right away for a fee. |
| Advance, fee, reserve | The part the factor pays up front, what they charge, and the rest they send you after the broker pays. |
| IFTA | The quarterly fuel tax report that splits tax between the states you drove in. |
| A/R (accounts receivable) | Money customers owe you. A/R Aging groups it by how late it is. |
| Payables | Bills you owe, like insurance and truck payments. |