What does the company SPOT do?
Spot provides tailored logistics solutions through relentless efforts, industry knowledge and advanced technologies to generate around-the-clock confidence between our dedicated team and yours.
A spot quote is an instantaneous carrier rate—outside of contract rates—provided when a shipper has urgent shipments or a carrier doesn't have capacity. Spot quotes have a short expiration window, and rates are highly susceptible to market conditions.15-Dec-2020
What is a spot load?
What is a spot load? A spot load is typically an urgent or expedited shipment that falls outside a contract. However, spot buys can happen whether a shipment needs to be moved today or months in the future. It might be due to a specific need, low-volume shipping, or shipping in inconsistent lanes.05-Apr-2022
Spot has great benefits, managers, and facilities, but this is directly tied to the work ethic of the employees that are hired. The logistics and freight industry requires tough skin, and Spot is no different. A great place to work with great people to support you, and they are only going to grow from here.
How long has SpotOn been in business?
Doron Friedman, Matt Hyman, and Zach Hyman co-founded SpotOn in 2017 and its headquarters is located in San Francisco, California.
A spot rate is associated with the immediate need for a good as the delivery date of the contract normally occurs within two business days of the trade date. Regardless of price fluctuations that occur between the settlement date and the delivery date, the contract will be completed at the agreed-upon spot rate.
What is a LTL rate quote?
An LTL Rate Quote is an estimated amount of charges that result from moving an LTL shipment from origin to destination. Calculated based on information shipper provides, such as: Origin / Destination Zip. Dimensions of Shipment. Weight of Shipment.23-Apr-2022
A contract rate is a rate a shipper and a logistics provider agree on for a specific lane and certain time period (typically 3 months to one year). Contract rates are usually calculated based on a shipper's estimated freight volume and a provider's cost per-mile.06-Nov-2020
What is a spot board logistics?
Spot-buy freight, also known as spot freight, is an exercise where a company that needs to ship goods collects multiple quotes from logistic service providers (LSP) as a solution for transporting goods from point A to B.
The average going rates for trucking per mile are: Average van rates: Between $2.30 and $2.86 per mile on average. Reefer truck rates: $3.19 per mile on average. Flatbed truck rates: $3.14 per mile on average.
What are Van spot rates?
In December 2020, the spot rate price for a one mile van drive in the United States was 2.46 U.S. dollars on average, up from 2.4 U.S. dollars per mile in October 2020. Over the recent months, one can observe a sudden increase in spot rates.
Andy Schenck -
How many customers does SpotOn have?
30,000 customers
San Francisco, California
Is SpotOn a Fintech?
In the broader fintech landscape, SpotOn is taking on payments giant Block (formerly Square) head on.18-May-2022
There is no mathematical formula for spot price. It is more of an economic concept rather than a mathematical part. At any point in time, forces of demand and supply play an essential role in determining the market price.
What is the 1 year spot rate?
The spot rate for a given time period is found by observing the yield to maturity on a zero-coupon bond for that time period. For example, the one-year spot rate is the yield to maturity on a zero-coupon bond that matures in one year.
This includes trades such as purchases of stock, purchases of gold, and exchanges of one currency for another. It excludes trades that involve a promise to deliver at some future time. The positions in spot trades often constitute the largest portion of a firm's risk.02-Jan-2012
Who is the best LTL carrier?
Top 10 LTL Freight Companies
What Is LTL? Less Than Truckload, commonly referred to as LTL, is a mode of surface transportation that, like full truckload, uses semi trucks, but hauls multiple shippers' freight together on the same trailer. Ideal for shipments ranging from 1 to 6 pallets (or less than 12 linear feet).
How much weight can you ship LTL?
LTL Weight Limits The minimum weight for less than truckload shipments is 150 lbs. While the LTL maximum weight limit is up to 15,000 lbs.05-Oct-2020
What does the company SPOT do?