Spot freight is transportation capacity purchased on a one-off, transactional basis without long-term commitments. Prices are determined by market conditions at the time of booking. Spot buying is often used for urgent shipments, volume surges, or new lanes outside existing contracts.
Spot freight offers agility and fast access to capacity. It can be cost-effective in soft markets but expensive when demand peaks. Successful procurement strategies use spot freight as a complement to contracts, not a replacement.
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