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Federal Motor Carrier Safety Administration. The Federal Motor Carrier Safety Administration ( FMCSA) is an agency in the United States Department of Transportation that regulates the trucking industry in the United States. The primary mission of the FMCSA is to reduce crashes, injuries, and fatalities involving large trucks and buses.
Commercial driver's license. A commercial driver's license is required to operate a tractor-trailer for commercial use. A commercial driver's license ( CDL) is a driver's license required in the United States to operate large and heavy vehicles (including trucks, buses, and trailers) or a vehicle of any size that transports hazardous materials ...
The motor carrier safety rating is an evaluation given to an interstate commercial motor carrier (a company which employs truck or bus drivers) by the Federal Motor Carrier Safety Administration (FMCSA). A safety rating is determined by a compliance review, an on-site examination of motor carrier operations, such as drivers' hours of service ...
AAMVA is a private corporation which strives to develop model programs in motor vehicle administration, police traffic services, and highway safety. The association serves as an information clearinghouse for these same disciplines, and acts as the international spokesperson for these interests. The association is composed of motor vehicle and ...
Banking. An automated clearing house ( ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. [2] [3] The ACH system is designed to process batches of payments containing numerous ...
Standard Carrier Alpha Code. The Standard Carrier Alpha Code ( SCAC) is a privately controlled US code used to identify vessel operating common carriers (VOCC). It is typically two to four letters long. The National Motor Freight Traffic Association developed the SCAC code in the 1960s to help road transport companies computerize data and records.
v. t. e. A clearing house is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement ...
The National Motor Freight Classification ( NMFC) is a North American voluntary standard that provides a comparison of commodities moving in interstate, intrastate and international commerce via freight shipment. The standard is developed and maintained by the Freight Classification Development Council (FCDC) and published by the National Motor ...
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