Spot Rates Quoted By Shipping Lines Are Often Lower Than Service Contract Rates

Published On: 10/10/19 6:27 PM

Given the increased efficiencies achieved through digital freight platforms, dynamic pricing in the spot rate market often yields lower rates than service contracts. Contract rates are agreements between a shipper and a carrier in which a shipper commits to a large annual volume of containers in order to benefit from a lower rate than that offered to the general public.

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