AVAILABLE FOR IMMEDIATE RELEASE
COUNCIL BLUFFS, Iowa- Bat Logistics, one of the most expeditious growing 3PL providers of Transportation, is utilizing Microsoft Azure Machine Learning and Predictive Analytics to develop an implement that will forecast what freight rates will look like in one to 12 months. The implement will be just one more value-integrated accommodation BAT provides to all its customers starting sometime in 2019
“Imagine the competency to lock into a contracted rate just before spot rates soar. Imagine the faculty to forecast how long spot rates will outperform contracting rates and vice versa. Imagine the facility to soothsay how peak seasons will impact freight rates,” verbally expressed Jarrod Marinello, executive of BAT Logistics.
BAT graded the precision of the prognostication implement for 15 months because the company wanted the highest precision it can get. With each test, the precision has amended, and the implement is currently at 60 percent precision. BAT believes, predicated on on the incrementation in precision over the past 15 months, that the precision will be at 75 percent some time in 2018. Anything over 75 percent precision offers extreme value.
BAT will implement 2019
About BAT Logistics
Backhaul and Track Logistics d/b/a BAT Logistics provides transportation solutions to the shipping community. Our core strength is full truck load services in dry, refrigerated, and rail commodities. Our services are executed using key national carriers with a focus on small to medium sized carriers. We operate in headhaul and backhaul lanes both regionally and cross-country. We also utilize door-to-door rail services that cover the entire nation. Our industry knowledge and experience using rail transportation gives us a clear and distinct advantage over the competition.
Phone – 402-712-7256
Fax – 402-712-7200
20 Arena Way, Suite 2
Council Bluffs, IA 51501
Machine learning unveils the potentials to increase and find the best truckload carriers to use.
IMMEDIATE NEWS –
Council Bluffs – BAT Logistics, one of the fastest growing 3PL providers of transportation services, continues to found more innovative ways and efficient ways to stay ahead of the competition
Recently, BAT created its own proprietary truckload capacity matching technology that uses Microsoft Azure Machine learning, to deep learn and feed BAT the best-suited carrier that’s available in seconds.
“Our technology helps us deep learn our truckload carrier’s most desired lanes, backhaul lanes, and the likelihood the carrier will have an available truck said Jarrod Marinello, co-founder of Bat Logistics. We are after quality not quantity in our carrier base. We would rather use the same carriers rather than adding more carriers we may only use once a year”
BAT intends to capitalize on using machine learning to continue navigating through its over 19,000 carrier partners to focus in on learning their carrier’s business model.
BAT Logistics recently wrapped up its tenth year of business with another year of double digit growth.
About BAT Logistics Backhaul and Track Logistics d/b/a BAT Logistics provides transportation solutions to the shipping community. Our core strength is full truckload services in dry, refrigerated, and rail commodities. Our services are executed using key national carriers with a focus on small to medium-sized carriers. We operate in headhaul and backhaul lanes both regionally and cross-country. We also utilize door-to-door rail services that cover the entire nation. Our industry knowledge and experience using rail transportation give us a clear and distinct advantage over the competition. ### Phone – 7122567260 Fax – 7122567265 20 Arena Way, Suite 2 Council Bluffs, IA 51501 www.batlogistics.com
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20 arena way, 2
Council Bluffs IA, 51501
BAT Logistics, a provider of 3rd Party Logistics and Transportation solutions, wrapped its tenth year of business with another year of growth. Over the past year, BAT has found more innovative ways to adapt to change, and execution has led to an increase in the amount of dedicated freight that the company has been awarded.
About BAT Logistics Backhaul and Track Logistics d/b/a BAT Logistics provides transportation solutions to the shipping community. Our core strength is full truck load services in dry, refrigerated, and rail commodities. Our services are executed using key national carriers with a focus on small to medium sized carriers. We operate in headhaul and backhaul lanes both regionally and cross-country. We also utilize door-to-door rail services that cover the entire nation. Our industry knowledge and experience using rail transportation gives us a clear and distinct advantage over the competition. ### Phone – 7122567260 Fax – 7122567265 20 Arena Way, Suite 2 Council Bluffs, IA 51501 www.batlogistics.com
Jarrod Marinello, Executive Vice President/Owner:
First, decide how many providers to use, then reward business to each one of the providers. You may want to use some more than others, but use each at least five percent.
Don’t award the lanes based on the provider being the lowest cost. Instead, mix it up. This strategy allows the particular provider to average out on its margin, keeps the provider committed on lanes losing margin, counteracts any changes in market, and sustains from provider needing price increases. In return, shippers hold more leverage over their transportation providers, and build up loyalty and sustain locked in pricing year round.
Finally, stick to the plan!
Bat continues to beta test its FREIGHT RATE TOOL powered through Microsoft Azure to help navigate through the most volatile time.
BAT LOGISTICS created a proprietary application that uses Microsoft Azure machine learning, predictive analytics, and artificial intelligence to give BAT the ability to forecast the most accurate freight rate outcome in seconds.
How does machine learning work?
Machine learning uses computers to run predictive models that learn from existing data to forecast future behaviors, outcomes, and trends. Deep learning is a sub-field of machine learning, where models inspired by how our brain works are expressed mathematically, and the parameters defining the mathematical models, which can be in the order of few thousands to 100+ million, are learned automatically from the data.
Stay tuned for future updates
For the first time in almost two months, the average diesel price is below the $3 mark. The average price per gallon is $2.992, according to the Energy Information Administration. The last time the average price was below $3 was Jan. 8, when the price was $2.996.
The price dropped 1.5 cents in the past week. The average price is about 41 cents higher than the average price was this week a year ago.
For more information, visit the EIA’s website.
Every year, BAT Week is a big deal for us with dress-up opportunities and games to celebrate the anniversary of Shawn Rorie and Jarrod Marinello starting BAT Logistics. It’s a week-long birthday party, and this year we hit double digits.
On Monday, there was an Easter egg hunt around the office. The 200 eggs contained prizes for anyone who found one – candy, trinkets, and tickets that could lead to winning gift cards. Our team dressed as nerds, with Steve Coenen being voted top nerd.
Some would say we expanded on the nerd theme Tuesday with a Star Wars dress up contest. Even though there were two Darth Vaders in the office, Jedi Master Ashley Jankowski defeated the competition. Tuesday was also secret mission day. Everyone was given a different office mission to complete, and the winner was the person who completed their mission without getting caught. Larry Christiansen won the game by photocopying his face and posting it on the bulletin board.
Wednesday was likely the scariest day as it was the day everyone was encouraged to dress as the opposite gender. Larry Christiansen and Jared Kutschara were voted best dressed. The game was barter puzzle. The office was divided into small teams, and each had to barter with other teams to get the puzzle pieces they needed to complete their puzzle. Rebecca Reed, Nicole Thomsen and April Kielion won and earned a $25 gift card.
The beach came to us on Thursday, as we got to dress in our best beach attire. The game for Thursday was guess how many in the jar. There were 10 jars, each filled with different items from candy to ten dollar bills (and one well-hidden five dollar bill). The person with the guess closest to how much was in a jar won the jar. Joe Kier won the jar of dimes and Chet Palmer won the jar of bills, both which happened to contain $365, the profit of BAT’s first load.
We ended the week with our usually most popular dress up day, BAT Spirit. Everyone showed up in the favorite BAT gear and accessories, as well as some accessories normally worn by a comic book vigilante. Everyone earned a $300 prize for their BAT Spirit. The game was BAT Bingo, with cards filled with things that normally happen around the office. When anyone got a Bingo, they received a gift card.
We were also treated to amazing local food throughout the week including Jo-On -The-Go, Piccolo’s Food Truck, and Nothing Bundt Cakes.
“We share memes all the time on email, and that is always fun and funny,” she said. “I can’t tell you how many times I am in my office cracking up all by myself.”
But, in her list of fun moments, one event kept popping up – the 2016 Christmas party. She enjoyed the photo booth, the mannequin challenge (see the video here), and the surprise ambush of Santa squishies.
Spelunking – What does it mean?
Spelunking is the exploration of caves. Blog posts that let you explore our “cave” and the people who work inside it are labeled “spelunking.”
Earlier this week, Donald Trump donated his fourth-quarter of 2017 salary – $100,000 – to the Department of Transportation. Transportation Secretary Elaine Chao said the donation would help fund grants for road, bridge and port projects, according to The Hill.
Trump donated his salary each of the previous quarters to different agencies. This donation came a day after his infrastructure improvement plan was announced. To learn more about that proposal, read “Trump unveils infrastructure plan; uphill battle awaits in Congress” or visit whitehouse.gov.
Echo – What does it mean?
Bats use echoes, the repeating of sound as it bounces off a surface, to see. We can only see our future by keeping up with industry news and supporting our clients. This news will now be “echoed” in our blogs.