Click here to close now.



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 Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...