While annual RFPs are still considered an industry standard, shippers are becoming less enthralled with these yearlong commitments. Volatile freight markets — like those seen since the beginning of the coronavirus pandemic — highlight the risks of long contracts. At the same time, high-tech solutions designed to make the bid process cheaper, easier and quicker are entering the market.
The freight market has proved incredibly unstable over the past two years, with capacity constraints driving...
https://www.freightwaves.com/news/why-shorter-bid-processes-will-soon-be-the-norm