Transportation pricing of a truckload carrier

Transportation pricing of a truckload carrier

Freight transportation is a major component of logistical operations. Due to the increase in global trade, fierce competition among shippers and raising concerns about energy, companies are putting more emphasis on effective management and usage of transportation services. This paper studies the transportation pricing problem of a truckload carrier in a setting that consists of a retailer, a tr...

Reducing Truckload Transportation Costs Through Collaboration

In the highly fragmented truckload transportation industry a substantial fraction of truck movements involves empty trucks, i.e., involves moves that reposition trucks. However, reducing the amount of truck repositioning is difficult because the need for a carrier to reposition its trucks depends on the interactions between the shippers the carrier is serving. Through collaboration, shippers ma...

A hybrid ACO algorithm for the Full Truckload Transportation Problem

In this paper we propose a hybrid ACO approach to solve a full truckload transportation problem. Hybridization is achieved through the use of a problem specific heuristic. This heuristic is utilized both, to initialize the pheromone information and to construct solutions in the ACO procedure. The main idea is to use information about the required fleetsize, by initializing the system with a num...

Auction Settings Impacts on the Performance of Truckload Transportation

This paper compares the performance of different sequential auction settings for the procurement of truckload services. In this environment, demands arrive randomly over time and are described by pick up, delivery locations and hard timewindows. Upon demand arrival, carriers compete for the loads. Different auction and information disclosure settings are studied. Learning methodologies are disc...

Modeling of Collaborative Less-than-truckload Carrier Freight Networks