Freight Optimization Capabilities that Drive Success for Your Transportation Strategy

2020 Trends In Freight Optimization
As the transportation industry continues to evolve, optimization functionality must advance to keep up. When evaluating a transportation optimization solution and its continuing advances, it is important to ensure that the solution is considering emerging transportation trends, technological advancements, and the real-world challenges that businesses face.
The following are some of the capabilities a multimodal optimization solution should have:

1. Geo-Region Technology

Geo-Region capabilities provide organizations with the ability to recognize and optimize within specific geo-regions. For example, if a truck is heading into a 20-mile radius of a major urban area, such as Los Angeles, Miami, or New York, rules can be set to calculate the vehicle’s slower rate and time upon entering a lower speed limit.

2. Final Mile

Final Mile is increasingly important in many transportation networks. A multimodal optimization solution should provide an organization with the ability to geocode at the address level within a given zip code. The ability to apply street-level data and addresses to calculate a true final mile for each load.

3. Pool Chains

Pool Chains is another capability that should be considered. The industry is shifting to a more complicated model of multi-tiered cross-dock operations and a multimodal optimization tool should be keeping up. For example, within a nationwide regional consolidation network, a business using multimodal optimization can have a bird’s eye view of each load and related loads in the pool. Unlike other optimizers in the market, the MercuryGate multimodal optimization solution can analyze the pool chain, the path by which goods can travel, to select the best route.

4. Zone Skipping

Zone Skipping is another multimodal optimization capability that has become popular in the industry. This involves consolidating goods in one region, then shifting from a higher-cost zone to a lower-cost zone for parcel shipping.

5. International Optimization

International Optimization involves optimizing multimodal and multi-leg global transport, such as shipments from China to the U.S. To enable this, MercuryGate’s multimodal optimization tool considers all the steps of moving products from a Chinese manufacturing facility to an ocean port or airport. No matter how complex or multinational the journey, the client can see all carrier schedules and each separate leg.

6. Fleet Optimization

Fleet Optimization also is a growing need as capacity tightens in the market and more companies turn to dedicated private fleets. With multimodal optimization, users can see fleet locations and domiciles, or where equipment is based. Users can allocate drivers and view the full life cycle of each load.

7. Roaming Domicile

Roaming Domicile is a function that involves tracking drivers in motion that are not domiciled at any given time and are considered “roaming.” A robust multimodal optimization solution can identify the driver’s location and match them with an available load.

8. Calculating Sustainability

Calculating Sustainability is important to companies with environmental accountability policies for reducing CO2. If environmental sustainability is an important consideration for your organization, a multimodal optimization tool should be able to calculate emissions for each load, route, and vehicle, supporting users to optimize their CO2 emissions as well.

9. What If Planning

“What If” Planning is increasingly important as more organizations turn to multimodal strategies to move freight more efficiently. Optimization enables organizations to make informed decisions based on historical data and “what if” scenarios. Instead of simply hoping that a combined shipment between land and air will arrive at the destination, shippers can guarantee it based on real-world parameters. And they can do so while actually saving time on their planning.

Ready to optimize your transportation network? Request a demo of the multimodal optimization solution today.

Steve Blough
Share on email
Share on facebook
Share on twitter
Share on linkedin