Transportation Program Glossary (James Depow)
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"The attached file is a glossary of transportation terms used in my transportation program," states James.
Browse the glossary using this index
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Operating RatioA standard industry term to set out in a percentange the relationship of total operating costs to total income. Example: If the total costs for a year are $385,000 and the total reveue for the same year is $400,000, then the operating ratio is 0.9625 (or 96.25%). An OR greater than 1.0 represents and operating lose. An OR less than 1.0 represents and operating profit. |
OS&D.Over Short & Damage. |
OverageAn excess of quantity over that shown on a bill of lading. |
OWBOver Without Bill (of lading). |