All posts tagged BAT Logistics

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.

###

batgroup@batlogistics.com
Phone – 402-712-7256
Fax – 402-712-7200
20 Arena Way, Suite 2
Council Bluffs, IA 51501
www.batlogistics.com

Jarrod Marinello, Executive Vice President/Owner: First, decide how many providers to utilize, then reward business to each one of the providers. You may want to utilize some more than others, but use each at least five percent.

Don’t award the lanes predicated on the provider being the lowest cost. Instead, mix it up. This strategy sanctions the particular provider to average out on its margin, keeps the provider committed on lanes losing margin, counteracts any transmutations in the market, and sustains from provider needing price increases. In reciprocation, shippers hold more leverage over their conveyance providers, and build up staunchness and sustain locked in pricing year round.

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!

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.

There’s a lot of fun behind the scenes at BAT Logistics, which made it hard for our longtime sales executive, Cindy Moreno, to come up with just one to help celebrate BAT’s 10th year.

“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.”

FOR IMMEDIATE RELEASE
COUNCIL BLUFFS, Iowa– BAT Logistics, one of the fastest growing 3PL providers of transportation services, is using Microsoft Azure Machine Learning and Predictive Analytics to develop a tool that will forecast what freight rates will look like in one to 12 months. The tool will be just one more value-added service BAT provides to all its customers starting in 2018.

“Imagine the ability to lock into a contracted rate just before spot rates soar. Imagine the ability to forecast how long spot rates will outperform contracting rates and vice versa. Imagine the ability to predict how peak seasons will impact freight rates,” said Jarrod Marinello, executive of BAT Logistics.

BAT graded the accuracy of the prediction tool for 15 months because the company wanted the highest accuracy it can get. With each test, the accuracy has improved, and the tool is currently at 60 percent accuracy. BAT believes, based on on the increase in accuracy over the past 15 months, that the accuracy will be at 75 percent some time in 2018. Anything over 75 percent accuracy offers extreme value.

BAT will be launching the prediction tool next year as the company celebrates its 10th anniversary.

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.

###

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.

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.