Keeping trucks full by algorithmically bundling shipments
Bundling of work into more attractive offers is a core part of good road procurement.
– There are many shipments available in the market and choosing the best sequence of loads to haul back-to-back is very Important. bundling decisions for transportation business owners are extremely difficult. While bundling many factors have to be considered including:
– Co-loading restrictions, vehicle capacities, legal driving limits, required waypoints or routes, region restrictions, vehicle type differences, fixed costs, variable costs, and many other elements.
– At DynaExpress, we created a solution called DynaFreight that algorithmically evaluates and optimizes how loads can be grouped in real-time, all without human involvement.
– Weight and volume of orders
– Pick-up and delivery time windows
– Depot opening hours
– Expiration times of orders
– Maximum workload of drivers
– Maximum waiting times of drivers
– Heterogenous capacity of the fleet
– Loading and unloading time
– We propose bundling for FTL to generate continuous moves, and also bundling for LTL to consolidate part loads.
– When possible, the software combines loads into bundled, such as consolidated LTL or multistop or continuous-move FTL.
– Part-loads could be tendered when they could be successfully combined to save money.
Bundling for LTL
– LTL bundling is about picking mixable jobs and consolidating them together. The aim is to generate full loads out of a lot of part loads, whether they get consolidated en-route via milk-runs of pickups, or at a depot. That keeps the truck running fuller over its day, and the improved utilization resulting in better pricing.
Bundling for FTL
– FTL bundling takes individual jobs and stitches them together into optimized combinations. The goal is to keep trucks running longer with less dead driving between jobs