Latest news with #OptimalDynamics
Yahoo
25-03-2025
- Business
- Yahoo
Uber Freight's Powerloop begins offering dedicated tours to carriers
Uber Freight's latest innovation, released Tuesday, directly addresses the challenges behind truck utilization through advanced tour planning. The new offering expands Uber Freight's Powerloop drop-and-hook program, providing carriers with access to reliable freight and greater control over their operations with dedicated tours. Carriers, especially owner-operators, face the persistent challenge of securing consistent or dedicated loads. Fluctuations in load availability and unpredictable rates can lead to instability, particularly in softer markets. While tighter markets might offer improved load availability and rates, carriers express a desire for more consistency and stronger relationships with shippers. The Powerloop dedicated tours program moves beyond a simple headhaul and backhaul structure by stringing multiple loads together and suggesting return loads, reducing empty miles and increasing earning potential. 'The big win with tours already is drivers don't lose all of that productivity, the empty miles and all the other time-consuming tasks that come with chasing spot loads,' Alyssa Correale, vice president of operations for Powerloop, told FreightWaves in an interview.A key advantage of the program is its use of AI-powered route optimization. In partnership with Optimal Dynamics, Uber Freight utilizes the company's technology to optimize routes every eight minutes, bringing in real-time adjustments to market fluctuations. 'We started working with [Optimal Dynamics] in May of last year, and we've been building out this capability with their true AI expertise because it does take a while for AI to learn the behavior of loads,' said Correale. 'Now we're seeing a ton of success leveraging Optimal Dynamics to build these tour recommendations.' Carriers participating in the Powerloop dedicated tours program commit to at least a two-week period of hauling freight using Powerloop trailers. The tours combine Powerloop contracted freight, drop trailer locations and Uber Freight's broader freight network to create optimized routes. But carriers retain the flexibility to select specific loads within a tour or haul their own loads using a Powerloop trailer. 'Carriers have the optionality to select which tour they want. They also have the optionality to say, 'I want this tour but I have a different load for the third leg of the tour,' because we're very aware we're a small piece of the puzzle for some carriers,' Correale pay structure is designed to reward carriers for every mile driven. Carriers receive a minimum weekly percentage of revenue, which increases as they haul more miles, incentivizing them to maximize their mileage. This structure ensures that carriers that cover longer distances are compensated accordingly. To further enhance the carrier experience, Uber Freight is developing an app integration, expected in mid-to-late April, that will let carriers design and select their own optimized tours directly within the Uber Freight App, streamlining the process. Articles by Grace Sharkey Uber Freight extends Powerloop drop-and-hook network nationally Orderful report: Trucking recovering, but specialized markets still volatile RueData secures seed round for tire optimization platformThe post Uber Freight's Powerloop begins offering dedicated tours to carriers appeared first on FreightWaves. Sign in to access your portfolio
Associated Press
17-03-2025
- Business
- Associated Press
KBX Logistics and Optimal Dynamics Partner to Revolutionize Freight Planning Automation
Optimal Dynamics' platform modernizes tech stack, automates planning, and optimizes dedicated fleet operations NEW YORK CITY, NEW YORK / ACCESS Newswire / March 17, 2025 / KBX Logistics™, a Koch company and global transportation leader, has partnered with Optimal Dynamics to modernize its dedicated fleet operations. This strategic collaboration marks a significant advancement in KBX's journey toward digital transformation, dramatically reducing manual processes and positioning the company for greater efficiency and profitability. 'Since the start of KBX Logistics, we've sought a solution capable of automating our complex and highly manual dedicated fleet freight planning operations,' said Tracy Reiss, Sr. Vice President of Transportation at KBX Logistics. 'Optimal Dynamics provides not just advanced automation but also critical capabilities around data quality and assurance, addressing key gaps we identified. Their platform represents the future - system-to-system communication allowing for dynamically assigned optimized freight.' Optimal Dynamics' powerful automation platform integrates directly with KBX's proprietary Transportation Management System (TMS), seamlessly handling everything from year-out strategic planning to real-time operational decisions. Each day, the engine runs hundreds of simulations evaluating millions of potential decisions to dynamically assign the right loads to the dedicated fleet and efficiently construct driver tours. This process significantly enhances service quality, maximizes fleet utilization, and reduces operational costs. 'KBX Logistics operates one of the industry's largest dedicated transportation networks, and Optimal Dynamics is uniquely equipped to automate and optimize it at scale,' said Daniel Powell, CEO of Optimal Dynamics. 'Our solution not only shows KBX how to efficiently run their fleets, but how to strategically model them. With deep expertise in network optimization and decades of direct experience in transportation and logistics, Optimal Dynamics is delivering a smarter, holistic approach to fleet operations.' KBX will also leverage Optimal Dynamics' scenario modeling and analysis capabilities to strategically guide business decisions, from fleet expansions to network strategy and contract negotiations, further strengthening network resilience and adaptability in an evolving market. Those attending the Annual TCA Truckload 2025 Conference this week in Phoenix, Arizona, can visit Optimal Dynamics at booth #601 for a live demo of their Decision Automation Platform. About KBX Logistics KBX Logistics, a Koch company and global leader in transportation, offers world-class, technology-driven capabilities across all modes of managed freight and transportation asset management. KBX is uniquely positioned to meet the challenges shippers face, leveraging decades of firsthand experience and data-driven insights from a large, diverse, and global business network. By building mutually beneficial partnerships and innovative technology, KBX creates a competitive advantage for its customers and meets the growing need for cost-effective and reliable supply chain solutions. For more information on KBX Logistics, visit About Optimal Dynamics Optimal Dynamics is dedicated to providing state-of-the-art decision intelligence solutions to the transportation industry. The byproduct of 40 years of R&D at Princeton University, the company leverages its proprietary decision intelligence engine to deliver a comprehensive operating system to automate and optimize strategic and operational decisions for truckload operators. Optimal Dynamics is headquartered in New York City and is backed by marquee investors, including Bessemer Venture Partners, The Westly Group and Activate Capital. Learn more at
