FreeMarkets RFQs are thoroughly researched and written in detail to ensure that all buyer requirements are fully specified. Carriers know specifics regarding lanes and all origins and destination facilities, for example, lane information, service requirements, transit time requirements, fuel surcharge provisions, and access charge information, as well as facility information, such as advance notification requirements and operating windows. The FreeMarkets global sourcing market provides for efficient, fair, and open negotiation. This allows our buyers to obtain services from high-quality carriers at competitive prices. It enables carriers to compete for business that they wish to serve enabling them to dynamically re-price their offering in real time, in response to the market.
Bidding is done in lots that can be either individual lanes or groupings of lanes.
When lanes are grouped, we are careful to arrange lanes to create natural round trips or common geographic regions. Find out how Participate in our Global Sourcing Market Get more information about how you can source or sell through FreeMarkets. Inc. All rights reserved.