With BTU’s high powered freight rate tool and carrier pairing, BAT can benchmark pricing that doesn’t satisfy their customers with pricing that does satisfy and still provides capacity. In essence, BAT is turning losing freight rates into winning freight rates by adjusting their margins and carrier relationships.
Another major value for BAT is in seconds BTU identifies BAT’S best carrier that’s available for the chosen lane. It’s been a way for BAT to keep ahead of the market trends and position themselves ahead of the market’s supply and demand.
BTU is a freight rate tool that uses Microsoft Azure machine learning, predictive analytics, and artificial intelligence to give brokers the ability to find the right rates that provide accuracy and high margins.
After jumping about 15 cents as a result of Hurricane Harvey in late August, the national average for diesel fuel prices hovered at the $2.80 per gallon. At the start of October, the average price is $2.792 per gallon, according to the Energy Information Administration.
The high the year so far was reached in the Sept. 11 update, which had the national average at $2.802 per gallon. The average price was the lowest for the year at $2.465 in June.
This week’s average price is 40 cents higher than the average price a year ago this week.
For more information, visit the EIA’s website.