Modern trucking companies operate on tight margins. This has been especially true during the recent freight downturn, which has left market participants wondering when they will reach the bottom of the cycle and hoping for conditions to rebound so they can once again expand their margins.
Full network utilization is the key to unlocking maximum profitability. However, reaching peak network utilization is a challenge with the time-consuming and highly manual approaches traditionally used to find spot freight to fill network gaps.
Source by Optimal Dynamics is revolutionizing the spot freight process with automation and insights driven by Artificial Decision Intelligence.
Continue reading to learn more about Source and how it brings intelligent automation to the spot freight process. Interested in seeing Source in action? Schedule a demo.
All truckload carriers need spot freight to reduce empty miles. While the task sounds straightforward, even the best and most prominent carriers struggle with it for several reasons, including:
These challenges have been prominent in the trucking industry for decades. But operations are evolving as new technologies and the use of Artificial Decision Intelligence have evolved to the point where they can provide solutions.
Source gives trucking companies the power to replace manual spot freight processes with automation. The result is that organizations source the best freight for maximum revenue and driver satisfaction.
Source is a solution that allows planners to proactively source optimized spot freight that meets both short-term needs and long-term objectives. Here’s a look at how it works in two simple steps:
The screenshots below show what Source looks like within the Optimal Dynamics platform. Contact us for a live walkthrough of how Source works.
Source helps trucking companies overcome some of the most significant and longstanding challenges in day-to-day operations. Specifically, Source empowers planners and dispatchers to:
With Source, spot freight selection becomes a strategic process optimized specifically for your network and focused on maximizing utilization and profitability. The Optimal Dynamics platform can now optimize both spot freight and dedicated freight for a carrier’s network.
Source builds on the momentum created by Optimal Dynamics’ other solutions — Plan, Bid, and Execute. Source is integrated directly within Execute’s Load Acceptance and Dispatch modules, giving planners and dispatchers superpowers to streamline an entire workflow from freight procurement to network balancing to dispatching.
Together, this suite of solutions by Optimal Dynamics gives today’s trucking companies the ability to maximize opportunities, grow profitability, and maintain a competitive advantage.
Source is the latest solution to emerge from 40-plus years of research conducted by Optimal Dynamics’ leadership team into leveraging Artificial Decision Intelligence to solve real-world problems for the trucking and transportation industry. With our platform in place, your organization can confidently answer questions like:
Source further enhances a trucking company’s ability to make the best real-time decisions to streamline operations and increase profitability. Learn more about Source and schedule a demo now.