Travel / Hospitality

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

02nd Oct `13, 08:07 PM in Travel / Hospitality

CHICAGO, Oct. 2, 2013 /PRNewswire/ Logistical Labs, a cloud-based software provider, today announced the launch of LoadDex, a…

BDMS
Guest Contributor
 

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.

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