What best describes Live Rate and Rate Quote in AscendTMS?

• A. Live Rate is a dynamic rate from the rating engine; a Rate Quote is a saved negotiated price for a specific load.
• B. Live Rate is a saved negotiated price; Rate Quote is always dynamic.
• C. They are identical concepts with different names.
• D. Live Rate is only used for currency conversion.

Answer: (A)

Live Rate is the real-time price the rating engine calculates for a shipment, considering factors like origin, destination, lane, service level, equipment, and any surcharges. It’s dynamic and can change as conditions or inputs change, giving you an up-to-the-minute estimate of what a move would cost.

A Rate Quote, on the other hand, is a saved negotiated price tied to a specific load. After you or a carrier agree on terms, that fixed price is stored as a quote for that shipment and can be used to commit or bill, without recomputing from the live inputs each time.

The other descriptions don’t fit because Live Rate isn’t just a saved price, and Rate Quote isn’t always dynamic or identical to the live calculation. It’s also not about currency conversion.