Spot market

{
  "id": "MLC-T-LOG-000209",
  "term": "Spot market",
  "field": "Logistics and supply chain",
  "definition": "A marketplace for buying and selling freight capacity or other logistics services for immediate or near-immediate execution at the current market price. Transactions are settled \"on the spot\" based on prevailing supply and demand, contrasting with long-term contract rates which are negotiated in advance for a set period.",
  "url": "https://mlchart.com/terminology/logistics/spot-market/"
}