BAT Logistics now has machine learning and predictive analytics to determine its freight rates. Azure Machine Learning predictive analytics service makes it possible to measure more data to quickly create and deploy predictive models as analytics solutions.
How will this help our customers?
BAT can quickly provide its best rates that remain in line with BAT’s working ability (capacity), so customers can rest assured BAT’s providing its best pricing and matches its capacity.
BAT is beta testing a freight rate prediction system that makes it possible to quickly search deeper data quickly and deploy predictive models as analytics solutions.
BAT will have the ability to provide the best pricing to customers and suggest the best pricing strategy customers should take regarding spot or contract, short term or long term bids, etc. This gives cutomers the potential to save a lot of money.
BAT Logistics, provider of 3rd party logistics and transportation solutions, announced today it has incorporated BTU’s Sales Freight Rate Platform. BTU Software Company is a supply chain software development company.
“BTU’s SFR Platform is already transforming our company in ways we couldn’t have imagined,” said Jarrod Marinello, BAT’s executive vice president. “We now have a customized freight rate machine learning tool that takes into account our entire transportation makeup when it produces a rate. Most importantly, we can give real rates in line with our working ability, so our customers can count on BAT’s pricing and capacity.”
“I haven’t even mentioned BAT has been beta testing a prediction freight rate tool that’s going to save our customers a fortune in transportation costs,” he added.
To learn more about BTU Software Company’s Sales Freight Rate Platform, visit btusoftware.com.
After climbing throughout the month of April, diesel prices dipped slightly as the new month began. The average price barely lowered the last week of April from $2.597 to $2.595 per gallon, but dropped to $2.583 per gallon by May 1, according to the Energy Information Administration.
Prices are still about an average 32 cents higher than prices were a year ago this week. This may be a short-lived dip in prices, as prices traditionally increase as Memorial Day approaches.
For more information, visit the EIA’s website.