Request for Quotation (RFQ)

A request for quotation, often abbreviated as RFQ represents a stakeholder’s invitation for suppliers of services or goods to provide a price quotation.

In your case, this means the invitation done by a shipper through our Freight Procurement solution to quote a price for logistic services.

Relevant information that allows you to provide the most accurate and competitive quote is provided by the shipper.

As you participate in RFQ processes, you will gain significant experience in finetuning your quotes.