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O

Operating Ratio

A 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.

Overage

An excess of quantity over that shown on a bill of lading.

OWB

Over Without Bill (of lading).