Overview

FreightPOP's Truckload Spot Quote Bidding feature allows shippers to create competitive bidding scenarios for spot quote shipments, where multiple carriers can see they are competing, know where they rank, and submit their best rates. Carriers will only have visibility to their bid position and not the specifics of the carriers they are competing against nor the rates those carriers submit.

This feature is exclusive to user-defined carriers with a carrier portal enabled.

Enabling the Feature

On the Company → Rules → Options card, enable “Spot Quote Bid Position”.

Spot Quote Submission

When submitting the spot quote request, users can specify the Bid Cutoff Date and time. This can be manually adjusted, but is set to 24 hours from today, to the nearest 5 minute increment.

When the Bid Cutoff Date and time have passed, the carrier will no longer be able to submit or edit rates for this load.

Carrier Portal

Carriers receive spot quote requests and can see they are in competition with other carriers. They submit bids through a portal page, allowing them to review shipment details and provide their best pricing.

Email Notifications

The system sends email notifications to carriers about new spot quote requests and updates on bidding status, keeping all participants informed throughout the bidding process. If their bid positioning changes, they are informed and can edit their rate to better compete with their competition.