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A spot rate is the price for moving a single load now, agreed for that shipment alone. It moves with supply and demand on the lane, unlike a contract rate, which is fixed for a period.
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Spot rate
A spot rate is the price for moving a single load now, agreed for that shipment alone. It moves with supply and demand on the lane, unlike a contract rate, which is fixed for a period.
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General information, not legal advice. See the full glossary for more terms.