What is Rate Shopping?
TMS Glossary
What is Rate Shopping?
Rate shopping refers to the process of comparing shipping rates from multiple carriers to find the most cost-effective and efficient shipping option for a specific shipment. This practice is commonly used in logistics and e-commerce to optimize costs, delivery speed, and service levels.
Why is Rate Shopping Important?
- Lower Freight Spend – Identify the most competitive rates without sacrificing service.
- Save Time – Eliminate the need to contact carriers individually for quotes.
- Improve Service Levels – Compare transit times, contracted rates, and accessorial fees to make smarter shipping decisions.
- Optimize Mode Selection – Choose between LTL, FTL, parcel, or international options based on cost and speed.
- Enhance Workflow Efficiency – Automate rate comparisons and booking within your TMS or ERP.
Key Features of FreightPOP’s Rate Shopping
- Real-Time Rate Comparisons – Instantly view rates from multiple carriers and 3PLs.
- Contracted vs. Spot Quotes – Compare your negotiated rates with live spot market pricing.
- Detailed Cost Transparency – See surcharges and accessorials upfront before booking.
- Direct Booking Integration – Book the best option directly within FreightPOP.
- Shipment Tracking & Visibility – Monitor deliveries and documents in one platform.
- Seamless System Integration – Connect with ERP, WMS, TMS, or e-commerce tools for automated workflows.
How FreightPOP Makes Rate Shopping Easy
- All Rates in One Platform – Pull both contracted rates and live spot quotes into a single view.
- Transparent Cost Breakdown – See surcharges and fees upfront before committing.
- Instant Booking – Choose and book the best option without leaving the system.
- Seamless Integrations – Connect with ERP, WMS, and e‑commerce platforms to keep workflows efficient.
Learn more about Rate Shopping with FreightPOP
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