Logistics terms · Logistics terms
What does RFQ (request for quotation) mean in logistics?
Short answer
A formal request to carriers or logistics providers to quote for defined lanes, volumes and services, used to select vendors and set contract rates.
Indian freight RFQs work best when they state lane-wise volumes, vehicle types, service levels, payment terms and diesel linkage upfront, and are often followed by an e-auction. Ask our desk how this applies to your consignment.
We publish no freight rates. Our desk confirms your price within minutes.
The numbers behind this answer
- Also called
- RFQ, RFP, tender
- Category
- Contracts & pricing
- Related terms
- E-auction (reverse auction), Spot rate vs contract rate, SLA (service level agreement), Work order
Related questions
- What does Central Public Procurement Portal (CPPP) mean in logistics?
- What does E-auction (reverse auction) mean in logistics?
- What does Spot rate vs contract rate mean in logistics?
- What does Work order mean in logistics?
- What does Government e-Marketplace (GeM) mean in logistics?
- What does Dedicated fleet mean in logistics?
On this site
Need this for your own load?
Send the details to our desk. It confirms your price within minutes.