Pricing in the less-than-truckload industry is evolving from annual RFPs and static tariffs to a more fluid approach, which includes dynamic pricing.
Historically, the industry has worked off base rates and in-house models to best account for trailer space occupied, time spent at pickup and delivery sites and handling costs on the docks. Risks like injury to drivers and costs stemming from potential cargo claims are also factored. Rates are generated based on assumptions and averages, often...
https://www.freightwaves.com/news/what-is-dynamic-ltl-pricing