All posts tagged jarrod marinello

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.

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

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.

One way BAT accomplished this was by creating its own proprietary
capacity matching technology that uses Microsoft Azure machine learning, to give BAT the ability to find the best-suited carrier that’s available in seconds.
 “It’s all about getting the most out of our carrier base rather than focusing on the size of our carrier base said Jarrod Marinello, executive vice president. “We have technology working for us to learn our carrier’s most desired lanes, and the likelihood the carrier will have an available truck.

 

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

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.

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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.

Hatchimals are one of the hottest toys this holiday season, as shown by the toys’ immediate absence on store shelves and high prices on resale sites. BAT’s Executive Vice President/Owner Jarrod Marinello got his hands on one, and decided to use the Hatchimals toy to give back to Fisher House.

14813848383801646777131Fisher House offers housing, food and even transportation to family members of patients at major military and VA hospitals. Marinello’s brother is a patient at the Polytrauma Rehab Hospital next door to the Minneapolis Fisher House.

“Because people at Fisher were so kind, I asked if they had children staying there,” Marinello said. “They said yes, one boy who was basically living there with family.”

Without hesitation, Marinello and BAT Logistics donated the Hatchimals toy to the Fisher House so the organization could make the holidays a little better for that child and his family.

For more information about Fisher Houses, visit fisherhouse.org.

http://www.hatchimals.com/

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How can shippers can have more success on their freight bids?

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.

There several reasons utilizing freight brokers, so I will list the largest reason such as added capacity, minimized costs, control over liability, flexibility over transportation costs, and save time.

• Working with a broker instantly boost capacity. Depending on the size of the freight broker, they may work anywhere from one thousand to over fifty thousand carriers. This kind of capacity increases the chances that the freight broker can provide truckload capacity for 20-40% less costly than, if you’re asking your current providers that are not brokers. Either way, compare the rates between the freight broker and your providers. That’s how you minimize costs.

• Brokers work with thousands of carriers to call upon to negotiate pricing therefore has more flexibility on its pricing.

• Brokers will save you time, by utilizing a broker it gives you access hundreds of available trucks within minutes.

• Shippers can gain more control over the amount of liability it can require from a freight broker. In 2011, now over half of the states in the USA have passed “Anti-Indemnity Laws.”

Shippers that require its transportation providers to hold shipper harmless from any and all losses. regardless whom is negligent. Anti-indemnity law protects motor carriers (not freight brokers-3pls in most states) and will void the contract as its against public policy for shippers to require the motor carrier to hold shipper harmless from any and all losses by the shipper or not. The purpose of the Anti-Indemnity is to shift the 100% liability from the motor-carrier to balance the liability.

Links:
www.riskvue.com/articles/fs/fs0711a.htm
www.batlogistics.com