This glossary is intended to provide a single source for descriptions of commonly used moving terms and does not modify or replace applicable FMCSA regulations or substantive standards. A B C D E F G H I L M N O P R S T U V W Back to top Back to top Back to top Back to top Back to top Back to top Back to top Back to top IIndividual Shipper:Any person who is the shipper, consignor, or consignee of a household goods shipment identified as such in the bill of lading contract. The individual shipper owns the goods being transported and pays the transportation charges.Intrastate Move:A move in which goods are transported from one point to another within the same state; no state borders are crossed.Interstate Move:The transportation of goods from one state to a different state (including outside the United States); OR between two places in one state THROUGH another state or place outside of the United States. See more on the FAQ page.Back to top LLine Haul Charges:The charges for the vehicle transportation portion of your move. These charges, if separately stated, apply in addition to the accessorial service charges.Long Carry:Charge for carrying articles excessive distances between the mover's vehicle and your residence. Charges for these services may be in addition to the line haul charges.Long Haul:A move that takes place over 450 miles. Long hauls are (generally) performed with tractor-trailers.Back to top MMotor Carrier:A company that provides truck transportation. There are two types of motor carriers: private and for-hire carriers.Back to top NNet Weight:Gross weight minus the tare weight. You are entitled to a copy of the scale ticket to verify your shipment's actual net weight.Back to top O110 Percent Rule:Movers are required by law to deliver your goods for no more than 10 percent above the price of a non-binding estimate.Operating Authority:Registration issued by a state or Federal governmental entity authorizing a carrier to move household goods for compensation between designated geographical areas. A van line's agent may also have its own separate "operating authority" issued by a state or Federal governmental entity, to move shipments within a certain geographical area.Order for Service:The document authorizing the carrier to transport your household goods.Order for Service Number:The number used to identify your shipment. It appears in the upper right corner of the Bill of Lading and on the Order for Service.Origin Agent:The agent designated in the origin area to be available for preliminary readying of the shipment before movement (such as packing cartons), or to provide information to you regarding your move.Overflow: Articles that are left behind due to insufficient space on a van, to be loaded on a second van for transportation and delivery.Back to top PPBO (Packed By Owner):Articles packed into cartons or crates by the shipper, not the carrier. Peak Season Rates:Higher line haul charges applicable during the summer months.Pickup and Delivery Charges:Separate transportation charges applicable for transporting your shipment between the storage-in-transit warehouse and your residence.Private Carrier:A company that provides truck transportation of its own cargo, usually as part of a business that produces, uses, sells and/or buys the cargo being hauled.Back to top RReleased Value (Basic Value):This is the most economical protection option available. This no-additional-cost option provides minimal protection. Under this option, the mover assumes liability for no more than 60 cents per pound ($1.32 cents per kilogram), per article. Loss or damage claims are settled based upon the pound (kilogram) weight of the article multiplied by 60 cents per pound ($1.32 cents per kilogram). For example, if your mover lost or destroyed a 10-pound (4.54-kilogram) stereo component valued at $1,000, your mover would be liable for no more than $6.00. Obviously, you should think carefully before agreeing to such an arrangement. There is no extra charge for this minimal protection, but you must sign a specific statement on the bill of lading agreeing to it. Alternatively, see Full Value protection.Reweigh:Second weighing of shipment performed at destination at the shipper's or the carrier's request.Road Van:A long haul tractor-trailer that moves shipments long distance (which is generally considered over 450 miles).Back to top SSafe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU):The Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (Public Law 109-59; SAFETEA-LU) is a funding and authorization bill that Congress passed in 2005 and enhanced existing federal authority over interstate movers.Shipper:The person (customer) whose goods are being moved.Short Haul:A move that takes place under 450 miles. Short hauls are (generally) performed with straight trucks, although tractor-trailers can, and are, often employed to complete large short haul moves.Shuttle Service:Use of a smaller vehicle to provide service to residences that are not accessible to the mover's normal line haul equipment (large moving vans).Straight Truck:A truck, generally one half the size and capacity of a tractor-trailer. Straight trucks are single cab and body vehicles (as opposed to a tractor-trailer on which the cab can be separated from the trailer).Storage-in-Transit (SIT):The temporary warehouse storage of your shipment pending further transportation, with or without notification to you. If you (or someone representing you) cannot accept delivery on the agreed-upon date or within the agreed-upon time period (for example, because your home is not quite ready to occupy), your mover may place your shipment into SIT without notifying you. In those circumstances, you will be responsible for the added charges for SIT service, as well as the warehouse handling and final delivery charges. However, your mover also may place your shipment into SIT if your mover was able to make delivery before the agreed-upon date (or before the first day of the agreed-upon delivery period), but you did not concur with early delivery. In those circumstances, your mover must notify you immediately of the SIT, and your mover is fully responsible for redelivery charges, handling charges, and storage charges.Surface Transportation Board (www.stb.dot.gov):This agency within the Department of Transportation regulates household goods carrier tariffs among other responsibilities.Survey:The booking or origin agent examines (i.e., surveys, or visually inspects) the shipper's goods to develop a cost estimate.Back to top TTare Weight:Weight of the van and its contents before your goods are loaded.Tariff:A list (in whole or in part) containing rates, rules, regulations, classifications or other provisions related to a motor carrier's transportation services. The Surface Transportation Board requires that a tariff contain three specific items. First, an accurate description of the services the mover offers to the public. Second, the specific applicable rates and service terms for services offered to the public. Third, the mover's tariff must be arranged in a way that allows you to determine the exact rate(s) and service terms applicable to your shipment. Each mover publishes its own tariffs and these must be provided to you upon request.Third Party Services:Services performed by someone other than the carrier at your request or as required by Federal, state or local law.Back to top UUnpacking:The removal of your goods from containers (boxes) and crates, and the disposal of such containers and packing materials.Back to top VValuation:The degree of "worth" or dollar value of the shipment. The valuation charge compensates the mover for assuming a greater degree of liability than is provided for in its base transportation charges. All movers are required to assume liability for the value of goods that they transport. Most movers offer two levels of liability—basic and full value. "Basic value" is also referred to as "released value."Van:Movers call all types and kinds of trucks used for moving "vans." A van can be as small as a small econo-line pack van or as large as a long tractor-trailer.Van Operator:The driver of the vehicle carrying your household goods.Back to top WWarehouse Handling:A charge may be applicable each time storage-in-transit service is provided. Charges for these services may be in addition to the line haul charges. This charge compensates the mover for the physical placement and removal of items within the warehouse.Back to top Last updated: Thursday, January 29, 2015 What is release value rate?Definition of released valuation
: a value lower than the usual commercial value of a commodity agreed upon by carriers and shippers to obtain a released rate and reduced carrier liability — compare agreed valuation.
What are the major forces that affect carrier pricing strategies?Let's take a look at three key factors that can influence carrier pricing strategy:. Carriers absolutely must balance their service networks. To stay profitable, carriers create synergies between their customers. ... . The market affects carrier decisions. ... . Carriers will choose shippers that are easy to work with.. |