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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.
The American Association of Motor Vehicle Administrators (AAMVA) is a non-governmental, voluntary, tax-exempt, nonprofit educational association. 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 ...
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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 or more than 15 passengers (including the driver).
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The audit activity and the resultant motor carrier safety rating has been criticized for being imperfect, and perhaps misleading. Studies [2] [3] have shown that for a considerable number of audit items, correlation coefficients between audit item outcome and actual safety performance have counter-intuitive signs: the better the compliance rating of firms, the worse their accident rates.
The Clearing House Interbank Payments System (CHIPS) is a bank owned automated funds-transfer system for domestic and international high value payment transactions in U.S. dollars. It is a real-time final settlement payment system that continuously matches, off-sets and settles payments among international and domestic banks.
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 ...