GlossaryEN1 min readUpdated: Jun 9, 2026

Awarded Freight Contract

A carrier earns an awarded freight contract by winning a formal competitive bid.

Last updated: 9 June 2026Published: 19 June 2025

Source: https://www.investopedia.com/terms/f/freight-contract.asp

Next steps

Tools that match this term

You might also be interested in these terms

E-auction freight logistics platforms are digital marketplaces where shippers and logistics service providers award transport cont…

Freight procurement aims to award transport contracts to carriers or freight forwarders in an economically and operationally optim…

In contrast to price-only competition, award criteria for freight contracts incorporate multiple factors: pricing, delivery reliab…

Logistics providers and freight forwarders use freight procurement systems to allocate transport assignments systematically to qua…

The freight tendering process is a structured procedure for issuing transport bids, evaluating carrier quotes, and awarding contra…

Distinct from a standalone software solution, the freight tendering procedure encompasses the complete business process: the shipp…

⚖️ ICC Incoterms 2020

Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.

Weekly: Top news, industry facts and insights from the world of logistics – free.