Glossary/
Mini-bid

Mini-bid

A mini-bid is a short procurement event a shipper runs on a subset of lanes between annual RFPs, usually because rates drifted, an awarded carrier stopped accepting tenders, or new lanes appeared. It moves faster than a full RFP, and awards usually run from a few weeks to several months.

Market

A mini-bid is a compressed procurement event: a shipper puts a handful of lanes out to a short list of carriers and brokers, collects rates in days to a couple of weeks, not the months a full RFP takes, and awards for a short window. Shippers run one when the annual bid event has aged badly on specific lanes, when a primary carrier keeps rejecting tenders, or when a new plant or customer adds lanes the routing guide never priced.

Cross-border lanes give shippers extra reasons to run one: exchange rates, fuel, border wait times, and seasonal produce demand can push a lane away from its contracted rate within a single quarter.

What this means when you move freight

Price a mini-bid like a short contract: you commit to a rate and to accepting tenders, but for months rather than a year. Price it off what the lane pays right now, not off last year's award. Check the current market rate and where your number sits in the percentile spread before you submit; a rate that looks safe against the old routing guide can be far off the live market in either direction. Confirm the validity window and what reopens it, because a quarterly award that quietly rolls into a year is a common way a mini-bid turns into a loss. A number built from real carrier bids on the lane is easier to defend than a guess, both in the bid and after the award. Where those bids come from on Mexico lanes: Market Rates.

Put the vocabulary to work

Cargado connects hundreds of brokers with 2,300+ vetted carriers moving Canada and Mexico freight every day.

Get a demo