What term best describes Morgan Transportation, which transports cargo by truck for others?

The term that best describes Morgan Transportation, which transports cargo by truck for others, is "For-hire carrier." A for-hire carrier is a company or entity that provides transportation services to the public for compensation. This classification is essential in the transportation industry as it delineates companies that operate on a contractual basis to transport goods, distinguishing them from private carriers that transport goods solely for their own business purposes.

For-hire carriers are typically regulated by government entities and must adhere to specific safety and insurance requirements. They tend to have a wider operational scope, as they can transport goods for multiple clients and across various routes, making them integral to the logistics and supply chain sectors.

Understanding this definition is crucial when studying the various types of transportation services, as it helps clarify the different responsibilities and regulatory requirements involved in freight transport.