How to Check if Your Spot Freight Quote is Competitive | Convoy

Is your spot freight quote competitive? Convoy’s freight quote calculator will tell you.

In a recent poll, 50% of shippers indicated they price-compare on every single load, while the other half indicated they price-compare on the majority of loads.

Whether you are looking to book with Convoy, or a different carrier in your network, businesses can leverage the Convoy freight quote calculator to quickly compare the rates they are seeing to the market and view benchmarking insights. This gives businesses a one-stop shop to quickly get a pulse on spot market pricing and understand the baseline for a competitive rate. 

Compare your rates with rates from the Convoy freight quote calculator

Use the Convoy freight quote calculator to quickly generate a rate for your shipment and compare it to the rates you have in-hand. The instant quote for a Convoy spot shipment is accurate up to the minute and reflects real-time market conditions and the risk profile of the shipment.

Use Convoy’s automated quote benchmarking insights 

With automated quote benchmarking, shippers using the instant freight quote calculator see not only a rate, but also an indicator of how competitive that rate is compared to the market.  Convoy’s proprietary algorithm references industry pricing indices as well as historical quote data to indicate whether the rate is lower, about the same, or higher than prevailing market rates. Businesses can use this as a way to gain additional context around the rates they are seeing and what they should consider a competitive rate. 

By using Convoy’s instant freight quote calculator and automated benchmarking, businesses now have an additional tool to help them understand market conditions and identify whether they are receiving competitive spot rates. 

Ready to book? 

If you like what you see, you can also use Convoy to easily book your shipments. Every shipment is backed by our network of tens of thousands of reliable carriers and a team of operations specialists who ensure 100% coverage and high service levels on every load.

Sign up for the Convoy shipper platform and get access to Convoy’s instant freight rate calculator for free.

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Anna von Clemm is the Product Marketing Manager for shippers at Convoy. She never thought she would end up working in freight, but wouldn't want it any other way. When not thinking about shipment tendering and equipment types, Anna can be found hiking the Cascades and eating ice-cream.