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The latest information from BAT Logistics

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.

Sept. 10-16 is National Truck Driver Appreciation Week. We are so thankful there are people willing to take on this job to help transport goods and materials all over the country. Here are a few facts about professional truck drivers:

 

  • – There are 3.5 million truck drivers in the United States.
  • – Truck drivers drove over 279 billion miles in 2014 alone, according to the American Trucking Association.
  • – The median annual wage of a truck driver is $41,340, according to the Bureau of Labor Statistics.
  • – Truck drivers’ crash rate is 29 percent lower than other drivers, according to the Federal Motor Carrier Safety Administration.
  • – Just about every good consumed in the United States was on a truck at some point, according to the ATA.

 

Be sure to thank a truck driver this week.

 

 

On-Highway Diesel Fuel Prices (8)Diesel prices marched close to the year high over the past month, increasing to an average $2.581 per gallon by this first full week of August, according to data from the Energy Information Administration. The highest average price for the year so far is $2.597, which was hit both in January and April. It didn’t help that the average price climbed five cents in just the last week.

Since the end of June, the average price has increased about 12 cents. Prices are about 27 cents more than prices a year ago this week.

For more information, visit the EIA’s website.

On-Highway Diesel Fuel Prices (7)Diesel prices dropped nearly 10 cents throughout the month of June, from an average $2.564 June 5 to $2.465 June 26, according to the Energy Information Administration. Prices seemed to settle for the holiday, rising slightly to $2.472 this first week of July.

The last time the average prices were this low was November. Last year, prices dropped throughout the month of July, reaching a low of $2.31 by Aug. 15.

The average price is still about five cents higher than prices were this week a year ago.

For more information visit the EIA’s website.

Teri meets Super Frog, TCU's Horned Frog mascot.

Teri meets Super Frog, TCU’s Horned Frog mascot.

The College World Series began this weekend, and of course a BAT was there to enjoy a game.

Accounting Manager Teri McClun went to Game 4 Sunday night in which Florida beat TCU 3-0.

Although she is a TCU fan, she still had fun meeting other fans from Texas and a TCU alumnus who now plays football for Kansas.

Teri has been going to the College World Series games since she was little, and became a TCU fan four years ago.

The College World Series was first played in Omaha in 1950, and has been played here every year since. The final eight teams in the NCAA tournament come to Omaha to participate in the series. The series continues throughout the month of June. (TCU’s next game is 2 p.m. Tuesday against Texas A&M.)

Teri's view of the TCU v. Florida game at TD Ameritrade Park.

Teri’s view of the TCU v. Florida game at TD Ameritrade Park.

On-Highway Diesel Fuel Prices (6)The last week of May saw diesel prices jump about 3 cents after steadily falling for just over a month, according data from the Energy Information Administration. However, prices leveled this week at an average $2.564 per gallon.

In April, prices had reached the high for the calendar year at $2.597 per gallon. Prices are nearly 16 cents higher than prices were a year ago this week.

For more information, visit the EIA’s website.

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+BTUBAT 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.

On-Highway Diesel Fuel Prices (5)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.