In particular, it helps owners to figure out whether they want to buy or lease a truck.
The arrangement involves the fee a driver is granted to pay to the owner of the authorized carrier.
48. MCMIS – Motor Carrier Management Information System
The MCMIS is another important term in the trucking industry that requires knowledge of. To illustrate, it refers to the central storage of thorough safety data retained by FMCSA.
49. Nondivisible Load
A nondivisible load is a unit which literally does not divide further into smaller units or parts for transportation.
50. Permanent Lease
This is a type of trucking industry terminology used to describe a lease that has a minimum 30 days term.
Notably, owner-operators are using the permanent lease for specific motor carriers.
A permanent lease is, in fact, an equipment lease with similar meaning and it also means a long-term lease.
Conclusion
Generally speaking, whether you are a new truck driver or a professional one, the basic knowledge of the trucking industry terminology should be the same.
