What is the difference between a Rate Card and a Rate Quote in AscendTMS?

What is the difference between a Rate Card and a Rate Quote in AscendTMS?

• A. A Rate Card is a one-time offer, while a Rate Quote changes automatically with market rates.
• B. A Rate Card defines pricing structure for lanes, equipment, and service levels; a Rate Quote is a negotiated price for a specific load that can be converted into a booking.
• C. A Rate Card is used only for international shipments, and a Rate Quote is used for domestic shipments.
• D. A Rate Card and a Rate Quote are the same thing in AscendTMS.

Answer: (B)

The main idea is how AscendTMS handles pricing structures versus negotiated offers. A Rate Card is a published pricing framework that defines how much you charge for specific lanes, equipment types, and service levels. It’s like a standard tariff you apply across many shipments, providing consistency and a quick way to quote or bill for common routes and setups. A Rate Quote, by contrast, is a negotiated price tied to a particular load. It reflects the agreed-upon terms between the shipper and carrier for that specific shipment and can include discounts or add-ons. When the quote is accepted, you can convert it into a booking, locking in the price for that shipment. So, the Rate Card sets the general pricing structure you use broadly, while a Rate Quote captures the customized price for an individual load.

The main idea is how AscendTMS handles pricing structures versus negotiated offers. A Rate Card is a published pricing framework that defines how much you charge for specific lanes, equipment types, and service levels. It’s like a standard tariff you apply across many shipments, providing consistency and a quick way to quote or bill for common routes and setups.

A Rate Quote, by contrast, is a negotiated price tied to a particular load. It reflects the agreed-upon terms between the shipper and carrier for that specific shipment and can include discounts or add-ons. When the quote is accepted, you can convert it into a booking, locking in the price for that shipment.

So, the Rate Card sets the general pricing structure you use broadly, while a Rate Quote captures the customized price for an individual load.