Trucking terms starting with N
Net Profit Money left after operating expenses, fixed costs, and other business costs are paid. New Entrant Safety Audit A safety review for new interstate motor carriers during their early operating period. No-Touch Freight Freight the driver is not expected to load, unload, or handle by hand. Non-Recourse Factoring Factoring that may shift certain nonpayment risk to the factor, subject to contract limits. Non-Trucking Liability Liability coverage for certain personal or non-business use of a truck when not under dispatch. Notice of Assignment A notice telling the broker or shipper to pay the factoring company instead of the carrier.