Factoring Company: A financial service provider that buys accounts receivable from carriers, providing immediate payment in exchange for a fee.
Federal Tax ID: An identification number used for tax purposes in the United States, often required for business operations in trucking.
Fifth Wheel: A coupling device used to connect a semi-trailer to the truck towing it.
First Come First Serve (FCFS): A system where services are provided to customers in the order they arrive, common in loading and unloading operations.
Flat Rate: A fixed freight charge that includes all costs, such as transportation and fuel surcharge.
Flatbed Trailer: A type of trailer with an open deck, used for transporting oversized loads or cargo requiring side or crane loading.
Floating Gear: A gear in a vehicle's transmission allowing shifting without using the clutch.
Food Grade Trailer: A type of trailer free from contaminants like odors or dirt, suitable for transporting food products.
Forced Dispatch: A policy where drivers are required to take assigned loads, regardless of their personal preferences.
Forklift: A powered industrial truck used to lift and move materials in loading and unloading operations.
Freeway: A high-speed road with no direct access to properties and limited points of ingress and egress.
Freight Bill: A document outlining the terms of a shipment, including cargo details, weight, and charges.
Freight Broker: An intermediary who arranges cargo transportation by connecting shippers with carriers.
Freight Class: A categorization system for freight based on factors like density, stowability, handling, and liability.
Freight Consolidation: Combining smaller shipments into one larger shipment to improve efficiency and reduce costs.
Freight Forwarder: A company that arranges the shipment of goods on behalf of shippers, managing logistics and documentation.
Fuel Surcharge: An additional charge added to the freight rate to account for variations in fuel costs.
FMCSA (Federal Motor Carrier Safety Administration): A U.S. federal agency regulating the trucking industry, focusing on safety standards and compliance.
FSC (Fuel Surcharge): An additional fee charged by carriers to compensate for fluctuations in fuel prices.