Rate and Contract Management

Rate and Contract

One of the main issues shippers face is managing transportation costs, which goes hand-in-hand with sourcing consistent and reliable capacity.
Rate and contract management solutions help freight providers to manage their contracts, LTL/FTL transportation costs, surcharges, accessorial charges, and multimodal agreements. Rate and contract management is the process of administering contracts, from their conception to the completion of the assignment by the chosen individual, as well as the contract's ultimate expiration.
Our company is an expert at providing rate and contract management systems that enable our clients to effectively manage their freight transportation costs.

Our team will work with you to understand your unique needs and tailor a solution that meets your specific requirements.
We have a deep understanding of the LTL/FTL industry and can help you create a comprehensive solution that fits your business.
Carrier management is a branch of transportation that allows businesses to track and manage carrier performance through scorecards, contract and rate management, and claims management.

Shipping rates and freight contracts

The amount charged by a carrier for the transportation of freight is called the shipping rate. It's usually stated in a freight tariff and is equal to the cost per unit (per hundred pounds or per ton) paid by the customer when transporting goods.
Freight contracts are the foundation of the transportation management process. We automate ocean and air contract administration so you can make cost-effective choices.
Updating your freight rates doesn't have to be a headache anymore. With our interactive, searchable, and cloud-enabled solution, logistics providers can find the consistency they need and win more business in the process. securely share rate information with your team members and customers for peace of mind.

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Rate management system solutions

A rate management system, also known as freight rate management software, is a type of IT technology or software that aids businesses in the logistics sector in better understanding and controlling their freight rates.
Our system is designed to be flexible and easily adaptable so that it can grow with your company.
If you are looking for a way to save money on your freight transportation costs, contact us today to learn more about our rate and contract management solutions.

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Spot and contract shipping
freight rates

As a logistics manager, choosing to use spot rates or contract rates can be one of the most important decisions you make. Understanding their differences and when each is best used will help ensure your business's success.

A spot freight rate is a cost charged by a freight company to move goods from one location to another. This price is usually valid for a specific time and may change depending on market conditions. Spot freight rates are determined by market conditions at the time and may change from hour to hour.

The rate a carrier agrees to use for freight transport is called a contract rate. This set price applies to regular shipping over an extended period on the same lane with similar freight characteristics. In most situations, contracts are agreed upon for a year.

Contract and spot rates both offer shippers different benefits, with a contract providing more stability and security in terms of price and capacity, while a spot can be used when carriers are not available or there is a need to move freight on a lane without a contract price.

How to get the best shipping rate?

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Having more information will result in a better quote, but you can get an estimate with as little as your shipment's origin and destination zip codes, pick-up date, and equipment type.
If you exclude any crucial information, you may end up paying for it later on. The more specific your details are, the more accurate your quote will be--avoiding any undesired additional fees.
Keep in mind that your best quote depends on the information you provide us. Origin city, destination city, and pickup date should be exact with all appointments picked so there are no surprises for either party involved.
Try not to change anything except maybe what type or size vehicle will carry their goods if needed. It's also important to tell us exactly how much product needs carried which could include weight measurements as well since this affects pricing significantly!

Please note any special requirements like wanting specific drivers too - we want every customer satisfied.
Our company is ready to offer you the best shipping rates and provide you with a hassle-free shipping experience. We have a wide range of services that we can tailor to your specific needs. Contact us today to learn more about our rate and contract management solutions.
Let us work with you today to get the best shipping rate!

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