Understanding some of the most common freight shipping acronyms related to logistics and transportation will assist you in tackling quotes and shipping contracts with confidence. We have collated some of the most common freight terms that you will see here on Truckit.net when discussing your freight listing with one of our Transport Providers & Customer Support Staff.
Owner Operator
Freight Broker/Agent
A Freight broker is an agent between shippers and carriers. Instead of taking possession of the freight, the broker facilitates communication between the shipper and the carrier. They’re the ones making sure the handoff goes smoothly between carriers and shippers, and that freight arrives safely & on time.
Some shippers like working with freight brokers because they have a single point of contact from point A to point B while their freight moves to its destination. Working with a broker can eliminate the need to negotiate with a carrier, planning routes, and tracking freight. Some carriers also like working with freight brokers to optimise their routes and minimise dead kilometers, boosting their earnings in less time.
Cubic Weight
Also known as Volumetric Weight, and is a pricing technique for commercial freight transport which assigns a weight based on the volume of an item. For example, many pallet carriers use the cubic weight conversion of 1m3 = 333kg. Even though an item may only weigh 4kg, due to its size, it may be 15kg of cubic weight. For example, a large blanket might be relatively light, but large in size.
Door to Door / Depot to Depot
Single Transit Insurance
Consignee/Consignor
Consignment Note
Flatbed
A flatbed trailer is a typical open deck trailer that has no roof nor sides. It is mainly used for transporting heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. The flatly shaped body makes it much easier to load and unload goods using ramps or lifting equipment.
Surcharges
A surcharge is an extra fee charged by a company to cover costs of one form or another. One example is a payment surcharge which may be charged by some merchants when a customer elects to pay by cheque, credit card, charge card or debit card. This covers the merchant’s costs (usually bank costs) of accepting this payment.
Other types of charges:
Dangerous Goods
CAR SPECIFIC:
Auction House
Salvage Yard
Drivable
Goods in Car
Driven Service
A new feature was recently launched on Truckit.net that allows Customers to Offer a price to Providers to instantly accept. If Providers don't like the Customer's Price they can still submit their own quote(s). As with normal Listings, only one Provider can accept the Customer's Offer and book the Job. Why did we create Offer Now?Offer Now was created to speed up the time between Listing creation and freight delivery, by reducing the time Customers and Providers spend negotiating. For some Customers speed is their main concern, and if they know what price they are prepared to spend on transporting […]
TRANSCRIPT OF VIDEO Hey Providers. It's Rob here, I wanted to touch base before everyone goes on their Christmas and New Year break. I know it's a really busy time of the year, but I thought I'd do a quick video to tell you about a few things, that's happening around the site. And also thank you for all your hard work in 2023! First thing, I want to let you know a little bit about Offer Now. You may see some Listings coming through with Offer Now. Now, that's where the Customer gets to name their price and you […]
Ten years ago we created Truckit with the dual purpose of assisting individuals across Australia in relocating their goods and helping transport Providers secure more bookings, fostering growth within the entire transport industry. Ten years on and with a 4.9 star Google rating, Truckit is continuing to push the boundaries of transparency and innovation in the industry, allowing small and large carriers alike more secure payment and reconciliation options, live tracking, reduced administrative burden and soon, instant pricing and matching (reducing the need to quote). It is an exciting time to be in the transport industry, and we continually want […]