Warehouse & Logistics Encyclopedia
Your comprehensive guide to warehouse, logistics, and supply chain terminology. Explore over 100+ industry terms with detailed explanations and practical insights.
Spot Quote
A shipping rate provided for a single shipment without a long-term contract.
Definition
Spot quotes allow shippers to compare rates for specific shipments in real-time, often used in freight brokerage or ad-hoc shipping.
Overview
Spot quoting provides flexibility for urgent or irregular shipments but may vary significantly from contracted rates.
Role
A shipping rate provided for a single shipment without a long-term contract.
Focus
Spot quoting provides flexibility for urgent or irregular shipments but may vary significantly from contracted rates.
Example
A manufacturer receives a spot quote to ship 2 pallets overnight due to a last-minute customer order.
FAQs
Q: Can you give an example of Spot Quote?
A: A manufacturer receives a spot quote to ship 2 pallets overnight due to a last-minute customer order.