During the volatility of the past three years, significant changes have rocked the trucking industry. Shippers that had once largely avoided the spot market found themselves reliant on it, with outdated contract rates forcing higher tender rejections.
In order to secure capacity, shippers increasingly shortened their contract bid cycles from a yearly basis to a quarterly or even monthly one. Still, shifting market conditions made it harder than ever to stay on top of capacity and rates.
This...
https://www.freightwaves.com/news/white-paper-is-benchmarking-the-future-of-bidding