Welcome!

News Feed Item

Logistical Labs Introduces Big Data Social Pricing Tool for Transportation and Logistics Industry

LoadDex Provides Customers with Fast, Accurate Pricing and Shipping Options

CHICAGO, Oct. 2, 2013 /PRNewswire/ -- Logistical Labs, a cloud-based software provider, today announced the launch of LoadDex, a freight pricing and modal selection tool. LoadDex harnesses the power of big data and social collaboration in order to help shippers and third-party logistics providers (3PLs) achieve faster, more accurate freight pricing.

LoadDex aggregates pricing information for a given route, empowering users to make data-driven decisions about pricing and mode selection. As an example, Cal Freight uses LoadDex to analyze four years of data – thousands of data points – in less than two seconds to find the most efficient and cost-effective option. Developed in partnership with a leading Chicago-based economist, LoadDex utilizes an algorithm that collects relevant historical, social, and external pricing data through interactive tools so that rates can be quickly compared and accurately tracked.

"LoadDex helps us address the challenge of consistently providing real-time freight quotes to customers and allows us to track this information in a single platform, integrated with our transportation management system," said Steven Lawson, president of Overland Park, KS based Rail Logistics - Cold Train. "We now can analyze our data in a new way, comparing each leg of a shipping route and allowing us to predict and control costs."

One distinguishing component is LoadDex's ability to provide intermodal options for freight pricing. The intermodal feature offers multiple rail options for shipping goods which allows users to choose the most optimal carrier – resulting in a reduced cost and carbon footprint. LoadDex is one of the first technology platforms that helps users capitalize on the expanding and cost-effective North American railroad system by connecting them directly with rail provider's rates. For participating rail providers, LoadDex offers more exposure to customers in the transportation and logistics industry, helping to increase sales.

"Logistical Labs is helping to advance technology within the transportation industry," said Dwight Weber, general manager of highway and truckload services and APL Logistics. "Through our partnership with Logistical Labs, our containers gain more visibility to more shippers, resulting in increased asset utilization."

Additionally, LoadDex aggregates cross-departmental data and provides a unique social feature that allows team members to collaborate. The platform has a chat function that lets users to exchange information in an easy-to-use, gamified format, which in turn increases productivity. Because this social interaction stems from a single platform, companies can better understand and communicate rates accurately and efficiently while capturing information exchanged by team members to inform future pricing.

"By bridging big data and social collaboration, our customers can look at their data differently," said Chris Ricciardi, Logistical Labs' chief product officer. "The platform helps customers improve operations by better managing pricing and procurement complexities. It increases effective decision-making by incorporating social collaboration with historical data, and improves productivity by simplifying complex pricing data."

The tool is available on a monthly user-based pricing model and can be accessed via desktop or mobile devices. For more information on Logistical Labs and LoadDex, please visit www.logisticallabs.com.   

About Logistical Labs
Logistical Labs, LLC is a cloud-based software provider that enables customers to effectively and efficiently address shipping needs, helping to increase productivity and improve cost-savings. Using Logistical Labs' software-as-a-service tool, customers have access to better informed pricing and quotes through data-driven insights and social collaboration. For more information, visit www.logisticallabs.com.

CONTACT: Chris Ricciardi, 1-312-662-4773

SOURCE Logistical Labs

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...