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Predictive Analytics Transportation Logistics Help

Posted on 2016-11-04
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Last Modified: 2016-11-09
Is it actually possible for a transportation freight broker or even a manufacturer to create a prediction analytics tool that is accurate enough to predict what truckload capacity will cost in even given lane that moves in say 1 to 6 months?

for example

atlanta ga to chicago il
everything average aa far as weight , product and equipment. Current cost for truckload carrier to haul $1000 . What will this same move cost in 3 months?


My point is in freight hauling there are too many variables involved so each time i read about some company in transaportation freight advertise it has a rate prediction tool , i ask is this possible to predict?
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Question by:jarrod marinello
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d-glitch earned 500 total points
ID: 41874115
Of course it is possible to make predictions.  
But there is no way for the predictor or the customer guarantee the accuracy of those predictions.
I don't see how this could be any different than stock market or commodities predictions.

Certainly some predictors will do a better job that others.
Maybe you can look at the historical data to find unbiased grades.  But probably not.

Are there any major carriers willing to guarantee long term pricing based on somebody's prediction?  If not, why not?
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by:jarrod marinello
ID: 41874124
Your so right!
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by:jarrod marinello
ID: 41880570
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