Rate Submission Flashcard

Front

What must be included in the subject line of the email for a rate to be considered valid?

Back

The full information of the load (Price / Lane / Broker)

Answer explanation

The subject line must include 'The full information of the load (Price / Lane / Broker)' to ensure the rate is valid. This information is essential for processing and understanding the load details.

Front

Which of the following is a valid method to send the rate to the broker? Text message, Direct message to a posted phone number, Phone call and email, Social media message

Back

Phone call and email

Answer explanation

The correct method to send the rate to the broker is 'Phone call and email' as these are direct and formal communication channels, ensuring the information is received accurately.

Front

What happens if two or more dispatchers bid on a load at the same time?

Back

The rate with more '+' on it is chosen

Answer explanation

When multiple dispatchers bid simultaneously, the rate with more '+' symbols is prioritized. This indicates a stronger or more favorable bid, making it the correct choice over others.

Front

What is required for a broker's name to be valid in the rate?

Back

It must be full unless it is an abbreviation of a well-known broker.

Answer explanation

A broker's name must be full unless it is an abbreviation of a well-known broker. This ensures clarity and recognition in communications, making the correct choice the one that states it must be full unless abbreviated.

Front

What should a dispatcher do if the broker offers a lower rate?

Back

Ask on the chain if they can go down to that rate

Answer explanation

The best approach is to ask on the chain if they can match the lower rate. This allows for negotiation and potentially securing a better deal without immediately accepting a lower offer or declining it.

Front

If you ask in the chain to go down and don't get an answer from a dispatcher, after how many minutes will it be considered that the person agrees to go down automatically?

Back

5 minutes

Answer explanation

If a dispatcher does not respond within 5 minutes after the request to go down, it is automatically assumed that the person agrees to go down. Therefore, the correct answer is 5 minutes.

Front

What must you do if only one person bids on a load and you want to change the rate?

Back

Inform everyone in the chain about the rate change

Answer explanation

If only one person bids on a load and you want to change the rate, you must inform everyone in the chain about the rate change. This ensures transparency and maintains trust among all parties involved.

Front

How long will every rate be active if you are still bidding on the load?

Back

15 minutes

Answer explanation

Every rate will be active for 15 minutes while you are still bidding on the load. This duration allows for effective management of bids and ensures timely updates.

Front

What happens if the broker gives the go-ahead for the rate and you don't send the rate confirmation?

Back

The rate is considered expired.

Answer explanation

If the broker gives the go-ahead for the rate and you don't send the confirmation, the rate is considered expired. This means it is no longer valid, and you would need to negotiate a new rate.

Front

When is a bid considered valid?

Back

When you obtain the broker's information legally

Answer explanation

A bid is considered valid when you obtain the broker's information legally, ensuring compliance with regulations and ethical standards. Other options do not guarantee the validity of a bid.